by –News Direct–
Bidscale, a software solution for modernizing and accelerating government contracting, has become the first software company to adopt the National Contract Management Associations (NCMA) Contract Management Standard (CMS). Bidscale's dedication to addressing the pressing needs of government contracting with digital solutions aligns with the profession's shift towards more efficient and transparent contract management practices, solidifying their position as a software leader.
As the global language for contract management professionals, the NCMA CMS offers companies a cohesive and standardized framework. By seamlessly integrating the CMS into its core processes, including pre-award, award, and post-award, users can anticipate heightened operational efficiency and clarity. This strategic integration also reinforces Bidscales dedication to excellence in contract management practices.
Tony Kwag, Chief Executive Officer of Bidscale, states, "We are proud to lead the way in modernizing government contracting with our adoption of the National Contract Management Association's CMS. This milestone reinforces Bidscale's commitment to revolutionizing contract management, aligning with industry trends towards greater efficiency and transparency. We can't wait to showcase this as GCMS 2023."
Kraig Conrad, Chief Executive Officer of NCMA, commends Bidscale for their forward-thinking approach to the contract management profession, stating, "It's impressive to see Bidscale incorporating the Contract Management Standard (CMS) into their software. This proactive step demonstrates their commitment to setting global standards and their foresight in enhancing their services for professionals and organizations within the contract management field."
The U.S. Office of Federal Procurement Policy (OFPP) has officially recognized the CMS as the foundation of a new contracting training system for all government agencies, effective February 1, 2023, ensuring that CMS adoption is in harmony with government practices.
For more information about Bidscale and its commitment to contract management excellence, please visit https://www.bidscale.com/.
For more information on NCMA's Common Language Adoption, please visit: www.ncmahq.org/adopters
The National Contract Management Association (NCMA), which was founded in 1959 and is the worlds leading association in the field of contract management. The organization, which has over 18,000 members, is dedicated to the professional growth and educational advancement of procurement and acquisition personnel worldwide. NCMA strives to serve and inform the profession and industry it represents and to offer opportunities for the open exchange of ideas in neutral forums. To find out more, please visit www.ncmahq.org.
Born out of an OT contract, Bidscale is a software-as-a-service platform that provides AI-powered contracting across the full federal contracting lifecycle, from requirements to award and beyond. Bidscales mission is to revolutionize how government and industry streamline decision-making and consolidate knowledge. Request a demo today at https://www.bidscale.com/demo.
Contact Details
National Contract Management Association
Holly Dehesa
+1 281-865-3296
Company Website
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National Contract Management Association
COMTEX_441352570/2655/2023-10-03T06:00:16
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
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