Predicting Contractor Financial Stability: New Insight for Source Selection,

Abstract

Although a relatively small percentage of the total number of contracts awarded by the Federal Government, contracts terminated for financial reasons can be very costly to the government. This study investigated the feasibility of developing a reliable contractor bankruptcy prediction model. This report begins with a brief discussion of the source selection process, followed by a discussion of the need for a contractor bankruptcy prediction model. A reliable model was developed and validated with real world cases. We conclude that significant cost savings can be realized if our model is utilized during the source selection stage of contracting. Keywords: Source selection; Bankruptcy prediction, Terminations for default, and Pre-award survey.

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Document Details

Document Type
Technical Report
Publication Date
Mar 01, 1986
Accession Number
ADA166805

Entities

People

  • Douglas Moses
  • Shu S. Liao

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Accounting
  • Accuracy
  • Business Administration
  • Classification
  • Commerce
  • Contractors
  • Contracts
  • Discriminant Analysis
  • Governments
  • Law
  • Litigation
  • Money
  • Personnel Management
  • Procurement
  • Security
  • Statistical Analysis
  • Surveys

Readers

  • Computational Modeling and Simulation
  • Government Contracting/Procurement.