What does MQCC, US General Services Administration (GSA), Department of Defense (DOD), National Aeronautics and Space Administration (NASA) have in common?
Recognition of the importance of higher-level quality standards for complex and critical items; namely, acceptance of a Certified ISO 9001:2015 Quality Management System to establish vendor credibility for complex and critical projects.
VOLUME I—PARTS 1 TO 51 FEDERAL ACQUISITION REGULATION ISSUED MARCH 2005 BY THE:
GENERAL SERVICES ADMINISTRATION [GSA]
DEPARTMENT OF DEFENSE [DOD]
NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [NASA]
46.202-4 Higher-level contract quality requirements.
(a) Agencies shall establish procedures for determining when higher-level contract quality requirements are necessary, for determining the risk (both the likelihood and the impact) of nonconformance, and for advising the contracting officer about which higher-level standards should be applied and included in the solicitation and contract. Requiring compliance with higher-level quality standards is necessary in solicitations and contracts for complex or critical items (see 46.203)
- 46.203 Criteria for use of contract quality requirements. The extent of contract quality requirements, including contractor inspection, required under a contract shall usually be based upon the classification of the contract item (supply or service) as determined by its technical description, its complexity, and the criticality of its application.
- (a) Technical description. Contract items may be technically classified as—
- (1) Commercial (described in commercial catalogs, drawings, or industrial standards; see Part 2); or
- (2) Military-Federal (described in Government drawings and specifications).
- (b) Complexity.
- (1) Complex items have quality characteristics, not wholly visible in the end item [ie.; financial underwriting and conditions fulfillment], for which contractual conformance must be established progressively through precise measurements, tests, and controls applied during purchasing, manufacturing, performance, assembly, and functional operation either as an individual item or in conjunction with other items. [ie; the complete origination, underwriting and funding process].
- (2) Noncomplex items have quality characteristics for which simple measurement and test of the end item are sufficient to determine conformance to contract requirements. [ie: buying groceries]
- (c) Criticality.
- (1) A critical application of an item is one in which the failure of the item could injure personnel or jeopardize a vital agency mission. A critical item may be either peculiar, meaning it has only one application, or common, meaning it has multiple applications.
- (2) A noncritical application is any other application. Noncritical items may also be either peculiar or common.
or when the technical requirements of the contract require—
- Control of such things as design, work operations, in-process controls, testing, and inspection [internal & external audit]; or
- Attention to such factors as organization, planning, work instructions, documentation control, and advanced metrology.
What does this mean to you?
Financing transactions (either for borrowers or investors) are by their inherent characteristics "Technical", "Complex" and when you need the money most, "Critical".
If obtaining financing is "mission critical" to you, your family or your organization (commercial enterprise, property developer, construction company) then when you seek financing, work with MQCC which - for over 10 years, since 2008 - has certifiably met the higher-level quality standards which GSA, DOD and NASA require for their own complex and critical matters.
What did MQCC do to make this happen?
Excerpt from the www.mqcc.org website:
In 2006, the MQCC™ developed what is today, the world's first internationally recognized, energy-efficient, resource-efficient, quantum computing-ready, bespoke, unified, defense standard, military/law enforcement-grade, turn-key, plug 'n play (PnP), end-to-end (E2E), interoperable, "secure, risk-based meta-operating system". A functional system built in accordance to the MQCC Artificial Algorithmic Intelligent (AAI™) brand of self-learning artificial intelligence (AI) systems-standards and pioneering MQCC "BlockChain" principles, designed to increase profits, increase cost savings and reduce expenditure through real-time assurance of statutory, regulatory and process conformity of both regulatory (regulator) and regulated (regulatee) organizations, within any industry sector. Patent-pending and proprietary, continually improving, world-class MQCC systems and technology creates measurable levels of efficiency, quality, trust & confidence for the three critical risk management functions of a regulated and non-regulated financial sector company: "Macro" functions: Business (Operations), Enterprise (Conformity) and Governance (Audit); and "Micro" functions: processes. All within a transparent, "BlockChain" principles-based, proof-of-work" organization conformity meta-operating system consisting of integrated internal controls for risk management, governance, legal and operational processes.
MQCC is the only company in Canada's finance sector, whose risk-based integrated Quality Management System technology is built on Standards that are both: recognized by 119 countries, including the Canadian Federal Government and all finance sector regulators; and certified thereto, by an Accredited Certification Body: "to safeguard consumers and users of [financial] products and services ..."
At MQCC "We do what we say and say what we do"; this approach "Makes Accounting, Banking, Finance & Investing Better"
How did MQCC do to make this happen?
The answer to this requires disclosure of proprietary and patented pending information, which might require involvement of your professional legal, intellectual property and other advisors. Contact info@mqcc.org to learn more about "how" we did we what did.
MQCC
Leadership in the finance sector for an increasing global, interconnected and trust-dependent world.
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