Government Contracts Overview

Government contracts are typically long term agreements awarded for a specific or estimated amount, and then managed to that amount. The government has specific requirements that a contractor must meet to be awarded the contract, as well as specific requirements that must be followed to manage the contract. Most of these requirements are focused on cost control, billing, and cash settlement.

PeopleSoft Contracts for Government Contracting enables organizations whose income comes from U.S. government contracts to effectively manage these contracts in accordance with the U.S. governmental rules and regulations.

This diagram identifies the business processes available for government contracts.