Factors Influencing the PALT of Sole-Source Acquisitions Greater Than $500 Million

Abstract

The purpose of our research is to develop a procurement administrative lead time (PALT) prediction model for sole-source contract awards greater than $500 million at Air Force Life Cycle Management Center. The scope of our research is confined to PALT, which is the number of days between solicitation release and contract award. Our research team uses an Ordinary Least Squares regression to model the relationship between our response variable, PALT, and twelve explanatory variables. Based on our results, we found five statistically significant variables and their effects sign and magnitude on PALT. The model accounts for 90.05% of the variation in PALT. Accurately predicting a schedule provides commanders and decision-makers with the ability to make better strategic business decisions to support the warfighter.