I know what it is but instead… I went to Google for another answer and this is what I found:
A coefficient is a number in front of a variable. For example, in the expression x2-10x+25, the coefficient of the x2 is 1 and the coefficient of the x is -10. The third term, 25, is called a constant. If the expression were -x2+10x+25, the coefficient of the x2 would be -1, and the coefficient of the x would be 10. That’s a lot to think about! No wonder we get so many emails and calls from contractors on this topic.
The coefficient is very important for any successful contractor or contract. We are excited to team up with the Center for Job Order Excellence (CJE) group to provide helpful resources for our community. Our first subject matter will be responding to a Request for Proposal (RFP) and coefficient development. The coefficient, or in some cases the coefficient(s), that’s right, some contracts have just one, some have two, a dozen and some have hundreds of coefficients.
Our focus will be workshops, downloadable white papers, partners, and working examples. We want to do what we can to enable new contractors to have a good understanding of the process. In the last few weeks, there have been at least a dozen contractors who have reached out for help. They are new to the business, and it’s always exciting to hear their passion for this thing we are doing called JOC. I am excited to work with CJE and other organizations to prepare tomorrows JOC contractors for success.
For the new contractor who is considering making the jump into this business, it’s amazing, & we wish you the very best! I hope you learn more, look at and win more contracts in the years to come.