August 26, 2016  |  Finance

Effectively Managing Contract Financials

Business graph with arrow showing profits and gainsAt first thought, monitoring the financials of large cost-type level of effort contracts can be a daunting task.

These contracts can contain hundreds of resources, cover several years, and have ceilings that reach into the billions of dollars. With the right team and experience, the job becomes much more manageable.

Markon has developed tools and techniques that help our clients successfully manage their contracts. We take a three-tiered approach to managing contract financials that covers a wide range of analysis and reporting – from enterprise level to ad-hoc analysis.

Our approach, combined with a suite of tools developed through years of on the job experience has proven to be an effective way to manage contract financials.

 

About the Author

David Morrison

David Morrison

Dave leads Markon’s financial management practice and is also the market lead for our Intelligence Community finance and consulting business. He has provided project management, financial consulting, and IT services to clients across the Intelligence Community. Dave began his career as a Contracting Specialist managing an IDIQ contract consisting of 50+ separate delivery orders valued at more than $100 million. In 2013, he was named Markon's Employee of the Year. Dave earned his MBA from Georgetown University and a BS in Finance with minors in Economics and Management Information Systems from the University of Delaware.