Assignment 5: Evaluating Contracts Due Week 10 and worth 280 points Image your small business that produces very small remote control aircraft capable of long sustained flights. You are ready to expand your business by competing for Department of Defense (DoD) contracts. You already have added one (1) contract with the DoD worth over $600,000 to your expanding company and are now ready to venture into contracting for the Department of Homeland Security and other federal agencies. Write a eight (8) page paper in which you: Compare and contrast fixed-price contracts and cost-reimbursement contracts in terms of the benefits and drawbacks of each for your business. Analyze at least three (3) opportunities your small business will have compared to large businesses in general. Discuss which element(s) of cost-reimbursement contracts tend to produce the biggest troubles for your small business. Provide a rationale for your choice(s). Determine which form of contracting would benefit your business the most among all the forms of contracting described in Chapter 16. Support your response. Choose the most significant form of contracting that would support large companies (e.g., Boeing) among all the forms of contracting described in Chapter 16. Support your response. Develop a plan on how your company would justify the government to award your company the contract when the form of this contracting supports larger companies. Use at least four (4) quality academic resources in this assignment. Note: Wikipedia and other 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. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: Compare and contrast fixed-price contracts and cost-reimbursement contracts. Examine other contract types commonly used in federal contracting. Use technology and information resources to research issues in contract administration and management. Write clearly and concisely about contract administration and management using proper writing mechanics. Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric. Points: 280 Assignment 5: Evaluating Contracts Criteria Unacceptable Below 60% F Meets Minimum Expectations 60-69% D Fair 70-79% C Proficient 80-89% B Exemplary 90-100% A 1. Compare and contrast fixed-price contracts and cost-reimbursement contracts in terms of the benefits and drawbacks of each for your business. Weight: 15% Did not submit or incompletely compared and contrasted fixed-price contracts and cost-reimbursement contracts in terms of the benefits and drawbacks of each for your business. Insufficiently compared and contrasted fixed-price contracts and cost-reimbursement contracts in terms of the benefits and drawbacks of each for your business. Partially compared and contrasted fixed-price contracts and cost-reimbursement contracts in terms of the benefits and drawbacks of each for your business. Satisfactorily compared and contrasted fixed-price contracts and cost-reimbursement contracts in terms of the benefits and drawbacks of each for your business. Thoroughly compared and contrasted fixed-price contracts and cost-reimbursement contracts in terms of the benefits and drawbacks of each for your business. 2. Analyze at least three (3) opportunities your small business will have compared to large businesses in general. Weight: 15% Did not submit or incompletely analyzed at least three (3) opportunities your small business will have compared to large businesses in general. Insufficiently analyzed at least three (3) opportunities your small business will have compared to large businesses in general. Partially analyzed at least three (3) opportunities your small business will have compared to large businesses in general. Satisfactorily analyzed at least three (3) opportunities your small business will have compared to large businesses in general. Thoroughly analyzed at least three (3) opportunities your small business will have compared to large businesses in general. 3. Discuss which element(s) of cost-reimbursement contracts tend to produce the biggest troubles for your small business. Provide a rationale for your choice(s). Weight: 15% Did not submit or incompletely discussed which element(s) of cost-reimbursement contracts tend to produce the biggest troubles for your small business. Did not submit or incompletely provided a rationale for your choice(s). Insufficiently discussed which element(s) of cost-reimbursement contracts tend to produce the biggest troubles for your small business. Insufficiently provided a rationale for your choice(s). Partially discussed which element(s) of cost-reimbursement contracts tend to produce the biggest troubles for your small business. Partially provided a rationale for your choice(s). Satisfactorily discussed which element(s) of cost-reimbursement contracts tend to produce the biggest troubles for your small business. Satisfactorily provided a rationale for your choice(s). Thoroughly discussed which element(s) of cost-reimbursement contracts tend to produce the biggest troubles for your small business. Thoroughly provided a rationale for your choice(s). 4. Determine which form of contracting would benefit your business the most among all the forms of contracting described in Chapter 16. Support your response. Weight: 15% Did not submit or incompletely determined which form of contracting would benefit your business the most among all the forms of contracting described in Chapter 16. Did not submit or incompletely supported your response. Insufficiently determined which form of contracting would benefit your business the most among all the forms of contracting described in Chapter 16. Insufficiently supported your response. Partially determined which form of contracting would benefit your business the most among all the forms of contracting described in Chapter 16. Partially supported your response. Satisfactorily determined which form of contracting would benefit your business the most among all the forms of contracting described in Chapter 16. Satisfactorily supported your response. Thoroughly determined which form of contracting would benefit your business the most among all the forms of contracting described in Chapter 16. Thoroughly supported your response. 5. Choose the most significant form of contracting that would support large companies (e.g., Boeing) among all the forms of contracting described in Chapter 16. Support your response. Weight: 15% Did not submit or incompletely chose the most significant form of contracting that would support large companies (e.g., Boeing) among all the forms of contracting described in Chapter 16. Did not submit or incompletely supported your response. Insufficiently chose the most significant form of contracting that would support large companies (e.g., Boeing) among all the forms of contracting described in Chapter 16. Insufficiently supported your response. Partially chose the most significant form of contracting that would support large companies (e.g., Boeing) among all the forms of contracting described in Chapter 16. Partially supported your response. Satisfactorily chose the most significant form of contracting that would support large companies (e.g., Boeing) among all the forms of contracting described in Chapter 16. Satisfactorily supported your response. Thoroughly chose the most significant form of contracting that would support large companies (e.g., Boeing) among all the forms of contracting described in Chapter 16. Thoroughly supported your response. 6. Develop a plan on how your company would justify the government to award your company the contract when the form of this contracting supports larger companies. Weight: 10% Did not submit or incompletely developed a plan on how your company would justify the government to award your company the contract when the form of this contracting supports larger companies. Insufficiently developed a plan on how your company would justify the government to award your company the contract when the form of this contracting supports larger companies. Partially developed a plan on how your company would justify the government to award your company the contract when the form of this contracting supports larger companies. Satisfactorily developed a plan on how your company would justify the government to award your company the contract when the form of this contracting supports larger companies. Thoroughly developed a plan on how your company would justify the government to award your company the contract when the form of this contracting supports larger companies. 7. 3 references Weight: 5% No references provided Does not meet the required number of references; all references poor quality choices. Does not meet the required number of references; some references poor quality choices. Meets number of required references; all references high quality choices. Exceeds number of required references; all references high quality choices. 8. Clarity, writing mechanics, and formatting requirements Weight: 10% More than 8 errors present 7-8 errors present 5-6 errors present 3-4 errors present 0-2 errors present