Suggest two to three (2-3) other methods that a government contracting company could use to obtain...

Suggest two to three (2-3) other methods that a government contracting company could use to obtain labor cost data in anaccurate fashion in addition to WBS and Phase Diagram. Predict the manner in which this company could use these methods to decrease the amount of government funds needed.

Expert Solution

The Variation with Geographical location and the Payment of Usual Rates in the Area, these twomethods can be used to set the employees pay rate due to geographical location, meaning that thelocation of manufacturing. This would show the difference of pay for Georgia and California.California would require a higher salary rate due to location (cost of living and the amount ofmanufacturing space being rented/ used) and local readily available material, versus the lowersalary rate in Georgia (cost of living and the amount of manufacturing space being rented/ used)and the costs for readily available material.

Location or Geographical Region, I believe would play a major role in how much thegovernment would have to pay out on a proposed contract. Labor may be low in one location andthis will allow less funding for the government, but if the government has a proposed bid in ahigh wage location, then more funds will be used to fund this particular contract.

ekkarill92 answered 1 year ago

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