Deltek Launches New Costpoint Contract Management Software

Deltek released a new Contract Management software, adding to their suite of products for government prime contractors. The new software leverages other Deltek products such as GovWin IQ to link the pre-award and post-award effort, data and processes. Our experts haven't lifted the hood yet, though our Deltek counterparts are telling us this enables complete contract life cycle management in a central repository. That's everything from opportunity identification to contract closeout tracked in one place...

There are many important elements that cross the pre-award / post-award processes include financial and non-financial aspects of a contract - regulatory (FAR/DFARS) clauses, modifications, supplements and provisions to name a few.

The new CostPoint Contract Management also features:

• Vendor performance and rating systems
• Subcontract management
• RFP management
• Cost tracking - bids and proposals
• Records for Organizational Conflicts of Interest (OCI)
• Automatic project initiation from opportunities or contracts
• Document management and storage
• Real time tracking of project costs 

With all of these features, it sounds like Deltek has hit the mark with their new Contract Management software. Paired with their other tools, it should help government contractors compete for and manage new contracts more competitively.