IRS announces use of Projected Contract Award Date web app that predicts when co

nearmetips Posted: 2021-5-5 08:10:15
IR-2021-102, May 5, 2021

WASHINGTON —The Internal Revenue Service's Office of the Chief Procurement Officer today announced the successful development of a web app called Projected Contract Award Date. The interactive forecast dashboard statistically predicts when contracts will be signed.

"This effort is a new trend in contract management that adjusts our business processes based on timing factors in the government contracting process, using cutting-edge data science technologies," said Shanna Webbers, IRS Chief Procurement Officer. "The web app will help us shorten the lead time in awards and save valuable time for our procurement staff as well as help contractors."

The IRS has $2.5 billion in contracts a year. 'When will a contract be signed?' is a key question for the IRS and generally for the federal government. This tool gives insight about when each request is likely to turn into a contract. The tool provides a technique other federal agencies can implement, potentially effecting $600 billion in government contracts.

The new web app provides information on requisitions for new contracts. Using historical data of contract awards, the intelligent web app forecasts the number of days to contract award for requisitions in the IRS's Integrated Financial System – Procurement for the Public Sector. Predictions can also be expressed as a projected contract award date.

The managerial implications of the new application are far-reaching. The web app with its predictive model will enable internal customers to accurately forecast needs and when they will be fulfilled, enable the IRS to adjust standards by redefining requirements – solicitation procedure, competition, dollar value and type of goods/services with commensurate realistic award lead time goals – and

evenly distribute workload to contracting personnel and others.

This predictive web app is one of the results brought about by an IRS research partnership with Data and Analytic Solutions (DAS), a woman-owned, small business comprised of procurement practitioners as well as university professors and students with procurement and machine learning experience. Other research initiatives of the team include vendor risk analysis and natural language processing and clustering analysis.
Source link








回复

使用道具 举报

More
IRSIRS unveils online tool to help low-income families register for monthly Child T
IR-2021-129, June 14, 2021 WASHINGTON — The Treasury Department and the Internal Revenue Service t
IRSNew FAQs available to aid families and small business under the American Rescue
Information for enhanced 2021 child and dependent care tax credits; updated paid sick and family lea
IRSMore than 2.3 million additional Economic Impact Payments disbursed under the Am
IR-2021-127, June 9, 2021 WASHINGTON — The Internal Revenue Service, the U.S. Department of the Tr
IRSIRS Procurement office to hire 80 new employees nationwide, including contract s
IR-2021-126, June 8, 2021 WASHINGTON — The Internal Revenue Service is looking to hire motivated a
IRSIRS sending letters to more than 36 million families who may qualify for monthly
IR-2021-124, June 7, 2021 WASHINGTON — The Internal Revenue Service has started sending letters to
IRSIRS reminder: Approaching June 15 deadline for second quarter estimated tax paym
IR-2021-125, June 8, 2021 WASHINGTON — The Internal Revenue Service reminds taxpayers who pay esti
IRSIRS sending more than 2.8 million refunds to those who already paid taxes on 202
IR-2021-123, June 4, 2021 WASHINGTON — The Internal Revenue Service is sending more than 2.8 milli
IRSIRS reminds taxpayers living and working abroad of June 15 deadline
IR-2021-122, June 2, 2021 WASHINGTON – The Internal Revenue Service today reminded taxpayers livin
IRSMore than 1.8 million additional Economic Impact Payments disbursed under the Am
IR-2021-119, May 26, 2021 WASHINGTON — Today, the Internal Revenue Service, the U.S. Department of
IRSIRS seeks nominations for the 2022 Internal Revenue Service Advisory Council
IR-2021-121, June 1, 2021 WASHINGTON — The Internal Revenue Service today announced it is acceptin
New York20 Best Burgers In New York City: Eater
Cooked medium or rare, cheese or without cheese, topped with bacon or made vegetarian, New Yorkers h
Opening TimesHalfords Opening Times Hours
Halfords is a company in the United Kingdom which deals with the sales and purchase of the auto part
Opening TimesHarrods Opening Times Hours
The world’s leading comfort, and luxurious departmental store Harrods covey’s the message of luxur
Opening TimesVerizon Store Opening Times
Verizon store hours are planned for the comfort of today’s age. The rigid and busy lifestyles of pe
Opening TimesMerry Hill Opening Times Hours
The United Kingdom is considered to be the shopping hub of the world. People from across the globe v

Nearmetips, Local city life portal site, which provides essential and practical information on life services such as regional transportation, tourism, real estate, food, shopping, education, medical care, job recruitment and honest businesses.

Follow Us