What the Acquisition Process Model is? Introduction There are two ways in which the acquisition process is understood. First is the acquisition of a company by another company and the second is the acquisition of government contracts. In the case …
How does sealed bid method differ from negotiated procurement method? Sealed bidding has been widely used in government contracting but it has been reported to be more prone to bid rigging (Haberbush, 2000). To counter the prospect of a bid …
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Explain how life-cycle can affect solicitation process? Solicitation is utilized by the government to ask for information from the bidders about their proposed solutions, their financial quotations and/or other information (“The Solicitation Process “, 2016). This process is related to …
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List Market Research Information Sources that are most reliable from your opinion. Explain your choice. There are different sources that can be consulted while conducting the market research. Some of these sources are internal and other are external. Different organizations …
Why is acquisition planning so important? It is a requirement of the Federal Acquisition Regulation (FAR) Part 7 that the companies that are involved in the acquisition processes must perform a proper planning and market research (“Part 7—Acquisition Planning”, 2016). …
Describe acquisition risks and the ways to control them. Acquisition process comes with many risks that need to be identified and managed timely for the successful acquisition of the process. It is important to dilute any political or departmental pressure …
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What factors are critical for successful acquisition? Dobbins & Donnelly (1998) have identified many critical factors that can prove to be vital in the government acquisition process. I will discuss some of these factors in the following. Technically competent program …
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How does government acquisition differ from private business one? The Government and private business acquisition processes have similarities and difference that are necessary to understand while comparing them. I would first state some similarities that would help us understand the …
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Describe several situations when contract is considered incomplete. What are the main terms of contract closeout? There are many circumstances where a contract may be considered as incomplete. On its face value, the contract might look as absolutely fine and …
Describe the role of Contracting Officer in contract performance. Contracting officer is closely related to the life cycle of the contact. The life cycle of the contract means the terms for which the contract remain active between the buyer and …
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