A cost management approach in which a target cost is established based on the expected selling price and required profit margin, and the product, service, or solution is designed to achieve that cost. In bid and proposal management, this approach is often referred to as Design-to-Cost.
Target Costing
A cost approach setting a target cost from expected price and margin, then designing to meet it; often called design-to-cost.
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BD, capture and proposal alignment is something most organizations believe they already have, until a deadline exposes where it breaks. At WPS, a Health Solutions Company, the three functions were moving in parallel but not in sync, and the cost was showing up long before anyone started writing.
Casual drinks with the people who win federal business. Alongside AFCEA LA Space Industry Days.
Related Glossary Terms
The official compilation of permanent U.S. federal laws, providing the statutory basis for many contracting requirements.
A global classification system used to categorize products and services for procurement and spend analysis.
A unique 12-character identifier assigned via SAM.gov to organizations doing business with the federal government, replacing the DUNS number.
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