Assignment 5: Contract Cost and Documentation for the Navy

Anonymous
timer Asked: Dec 13th, 2018
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Question Description

Imagine that you are the owner of a small floor refinishing business that provides a specialty coating product for ceramic tile and marble floors. There is no other local flooring business that provides this service. Having recently received a patent on your product, you are ready to expand your business by competing for Navy contracts at the local base, which is located a few miles away. The service you want to sell is the specialty coating, the application of the coating, and a regular maintenance schedule. Your company consists of you, one office assistant, and two production employees. Please use “First Name, Last Name, Inc.” as the name of your company throughout these assignments.

Additional factors to consider are:

  1. The other local competitor has removed their name from consideration and has requested to become your company’s sub-contractor due to your company’s patent on the specialty coating.
  2. Your existing floor equipment is dated. However, you have learned that the Navy base has floor equipment which is not currently being used.

    Write a six to eight (6-8) page paper in which you:
    1. Determine the payment type (i.e., receiving progress payments, performance-based payments, or partial payments) you will use in your bid. Provide a rationale for your response.
    2. Determine the approach and the key terms that you would consider in requesting the use of the Navy’s floor equipment. Provide a rationale for your response.
    3. Propose the quality control and inspection procedures that you believe should be included in your proposal. Provide a rationale for your response.
    4. Determine, because of your company’s private patent on the specialty floor coating, whether the Navy would or would not have a patent infringement objection for the use of the coating. Provide a rationale for your response.
    5. Determine the mechanism for contract closeout your company would use with the Navy. Provide a rationale for your response.
    6. Use at least three (3) quality references Note: Wikipedia and other related websites do not qualify as academic resources.
    Your assignment must follow these formatting requirements:Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format.

Tutor Answer

TutorAR
School: Boston College

Hi, Find attached the paper for your review.Let me know if you need anything edited or changed.Looking forward to working with you in future.Thank you.
Attached.

Running head: CONTRACT AND COST DOCUMENTATION FOR THE NAVY

Contract and Cost Documentation for the Navy
Name
Institution

CONTRACT AND COST DOCUMENTATION FOR THE NAVY

2

Contract and Cost Documentation for the Navy
Any contracting process can only end successfully if there is proper evaluation and
analysis of all the relevant market risks and the dynamic market fluctuations. Having won the
much coveted Navy contract for flooring services, John Doe Inc has to make sure that all
monetary litigations and damages are avoided by correctly determining the cost of the contract
and deliberately making a decision to ensure that the firm’s patent rights are protected. It is
noteworthy that performance based payments alongside progress payments are common and
mostly preferred by government contractors based on the purchase type and contract. Quality
control is another important aspect that has to be considered and as such, the company has to
produce high quality products (flooring materials) and see to it that all quality indices are tested
and confirmed before product delivery to the Navy.
Payment Type
The type of payment system that is used in any organization is crucial since it determines
so many factors including customer and employee satisfaction and service provision. It is
therefore vital to select a payment type that suits John Doe Inc company as well as the local base
of the Navy that is to be provided the company’s services. In this case, the best payment type to
be used in bidding for the company is the performance-based payments. This type of payment
system offers financial compensation basing on the performance of the company or an
individual. There exist two major types of payment schemes that are used in this system, the
skill-based and individual pay.
These two types of performance-based payments could be used collectively in the bid
since it will enable remarkable results. The basic skill pay will ensure that compensation with

CONTRACT AND COST DOCUMENTATION FOR THE NAVY

3

regard to an employee’s competency, a factor that will push the workers to provide their best
service in the job (Eldridge & Palmer, 2009). The skill-based pay, on the other hand, will be
effective for sales personnel that rely on commissions.
John Doe, I...

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Review

Anonymous
Good stuff. Would use again.

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