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Bid & Proposal BOE
Cost Estimation Analysis ECA Report

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Benchmark Study

Sector: Aeronautics, Space & Defense

Analysis: PRICE® Cost Research

This report benchmarks the six dimensions in the bid and proposal cost and schedule estimation process: People, Process, Technology, Data, Culture, and Stakeholders. Information analyzed is based on a survey conducted with commercial organizations vying for DoD contracts.


Bruce Fad

Lead Analyst


Bruce has over 40 years of experience at PRICE® and cost estimating for the aeronautics, space, and defense industry. He previously was a National Security Agency (NSA) analyst, new business acquisition manager for Lockheed, and a university math instructor. Bruce also served as an expert witness and expert consultant to court disputes and as a cost estimation expert to the GAO. He has been recognized by ICEAA as both Parametrician of the Year and Freiman Lifetime Achievement award winner. He holds bachelor’s and master’s degrees in Mathematics.