Question

comparing the expenditure profile to event values allows the contracting officer to:(select all that applies) a....

comparing the expenditure profile to event values allows the contracting officer to:(select all that applies)

a. assess the level of contractor investment
b. calculate interest due in case of late payment
c. ensure that payment amounts are commensurate with the value of the event
d. ensure payments are not made in advance of completion

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Answer #1

Expenditure profiling is done in performance-based payments. It is done to ensure that the payment to the contractor is done based on the value added for each event/ milestone. The underlying principal is the value-based or performance-based costing. The payment is done based on the criticality or importance of a particular event/ milestone rather than the volume or time taken i.e. quality over quantity. Considering this principal, the correct answer is c- ensure that payment amounts are commensurate with the value of the event

Expenditure profiling can not help us with assessing investment by contractor since this information is not captured in profiling. Consequences of late payments or advance payments are not evaluated in expenditure profiling but rather in terms of payment. These factors are not based on the value of the event but rather the timing of the payment vs. event

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