Contractor’s estimating process

Explain the contractor’s estimating process, and the government’s responsibility in analyzing contractor costs proposals and summarize and discuss the article in the required paper. 1. Explain the use and application of a contract audit. 2. Explain a contractor's estimating and accounting systems. 3. Calculate a cost objective for direct material, direct labor, other direct costs, indirect costs, facilities cost of money, and profit/fee. 4. Calculate a price and cost objective using simple regression analysis, learning curve analysis, and statistics. 5. Explain the process for conducting contract negotiations.