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Week 6 Assignment – Bidding on a Contract With the Navy
Based on the same scenario as in your Week 3 assignment, Small-Business Opportunities With the Navy, imagine that you have received a request for proposal (RFP #123456789), dated 07/14/2014. You also find out through a reliable source that a local competitor has also received an RFP for a similar type of product and service. Because of this, you will be required to negotiate the contract and will need to consider the contract specifics.
Write a 3–4 page paper in which you do the following:
Suggest three ways in which the basic concepts of the Federal Acquisition Regulation (FAR) policy would mutually benefit your small business and the Navy.
Determine the method that you will use for solicitation of a bid. Next, explain why the Navy is likely to choose your company in the sealed-bidding process.
Go to the Strayer University Online Library to locate at least three quality references. Note: Wikipedia and other related websites do not qualify as academic resources.
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is:
Determine the impact of the FAR policy on a given business including solicitation methods.
Week 4 Assignment – Rules of the Road
BUS330 Contract Admin and Management
The current federal statutory acts favor smaller businesses over large multinational organizations that build drones in various ways. These federal statutory acts have promoted small businesses through the imposition of lower tax rates and the provision of grants to small businesses. The lower tax rates for small businesses have driven growth in capital stock and the general size of the small businesses. The imposition of lower tax rates for small businesses has enabled them to create more capital and enhanced capital investments. Many small businesses have been able to undertake investments that were not feasible and increased their productivity leading to greater outputs. The provision of grants to small businesses has also helped them grow since they generally have a better chance of attaining their financial goals (De-Barbieri, 2020). Grants are considered more suitable than other forms of funding for small businesses because they are free credible, and reliable.
Over the years, there have been several small business programs have been created by Congress. These programs can significantly benefit my organization over bigger international companies that make unmanned aircraft. Some of those small business programs that have been created by Congress include the HUBZone program, the State Small Business Credit Initiative, and the Service-Disabled Veteran-Owned Small Business. The HUBZone program is a small business federal contracting assistance program that mainly focuses on creating jobs and increasing capital investments in low-income areas (Shear, 2017). This program provides various contracting opportunities for small businesses that operate in low-income areas which have high poverty and unemployment rates. This program could help our company improve its economic standing in the geographic areas by getting assistance in order to ensure they are not distressed economically. Together with Congress and the government, the HUBZone program has continued to enhance economic development in different distressed areas by enhancing access to more federal contracting opportunities.
The Service-Disabled Veteran-Owned Small Business program was formed by Congress in 2003 in order to provide federal contracting services to small businesses. The State Small Business Credit Initiative program was originally established in 2010, and it provides funding for technical assistance to small businesses and credit and investment programs for existing small businesses and start-ups. The main programs that are available to enhance capital access to all recipient jurisdictions under the State Small Business Credit Initiative program include collateral support, guarantee of loans, loan participation, and venture capital and capital access programs.
Some of the positions that I would set aside in our company to interact with the government purchasing agency comprise the chief executive officer, the chief operating officer, and the chief financial officer. The position of a chief executive officer would be the most important because the chief executive officer generally serves as the head of our organization and reports to the board of directors. The chief executive officer is usually liable for developing and implementing business strategies, presenting policies, and ensuring that our company attains its goals and objectives (Qiao et al., 2017). His involvement in the interaction with the government buying agency will be important because he has adequate knowledge about the approval of contracts, various operations of the organization, and overseeing crucial processes of the organization like creating a budget. His skills such as problem-solving, decision-making, leadership, and management skills will greatly help conduct effective interactions. It is also necessary to involve the chief operating officer because he oversees the production, manufacturing, and sales activities in our organization.
The chief operating officer is usually a member of the executive team in different organizations such as government agencies and charities, thus making him a crucial participant in the interaction with the government purchasing agency. During the interaction, the chief executive officer will offer important information associated with collaboration on marketing initiatives and strategies to direct the organization, accounting, and banking processes of the company. The chief financial officer will also play a crucial role because he normally oversees and directs the yearly and long-term financial goals of the company. He will perform wide-ranging business and accounting tasks that will enhance the organization’s financial reporting accuracy, timeliness, and regulatory compliance.
1. De-Barbieri, E. W. (2020). Supporting Small Businesses in Place. Fordham Urb. LJ, 48, 1107.
2. Qiao, P., Fung, A., Miao, J., & Fung, H. G. (2017). Powerful chief executive officers and firm performance: Integrating agency and stewardship theory. China & World Economy, 25(6), 100-119.
3. Shear, W. B. (2017, March). HUBZone Program: Oversight Has Improved, but some Weaknesses Remain, Statement of William B. Shear, Director, Financial Markets and Community Investment, Testimony before the Subcommittee on Contracting and Workforce, Committee on Small Business, House of Representatives. In the United States. Government Accountability Office (No. GAO-17-456T). The United States. Government Accountability Office.
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