Wackenhut Services of Florida, USA, have tripled their number of users of their contract management system, Omnicom ( supplied by Omniware America Inc.) and also extended its functionality to meet the new business requirements and governance expected during this demanding economic climate.
Wackenhut’s primary business objective for this increase, at this time, is to be able to track government contracts with respect to financials. To enable Wackenhut to do this they have extended the Omnicom functionality to concentrate in these specific areas:
- Pricing – Initial and Follow-in Pricing submission for an RFP captured such as multiple base periods and multiple option periods.
- Contract Funding – The federal government may or may not fund the entire contract value at time of contract award. Therefore, Wackenhut needs to track how much of the contract has been funded to compare against cost and invoices.
- Modifications are changes to the contract and are issued by the government. Modifications can change contract value, change funding, add additional Task Orders ( TO ) and add Contract Line Item Numbers ( CLIN ).
- Task Orders are in effect subcontracts to the overall contract. The most common usage is when a governmental contract involves services to be delivered to multiple locations. Each location would have its own TO.
- Contract Line Item Number is an item that the government has called out as a separate item to track value and funding for. CLIN can be under the main contract and/or under a Task Order.
Wackenhut need to track value and funding for a CLIN. Modifications will be used to create and/or change a CLIN after the initial contract has been established.
About Wackenhut Services:
Wackenhut Services Incorporated
Wackenhut Services, Incorporated (WSI), a wholly owned subsidiary of The Wackenhut Corporation (TWC), contractually performs security, law enforcement, operations and maintenance, fire suppression and prevention, facility services management, training, emergency medical services, airfield management, and aircraft operation and maintenance for federal, state and local government agencies.