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Government Contract - Cost and Pricing (solution)

Subject

Business

Type

Homework

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SALIENT POINTS OF A CONTRACT
&
BIDS
EVALUATION
Student’s Name __________________
Professors Name __________________
Course Title __________________
Date __________________

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Introduction(Some basics about contract in brief)
A Contract is –
An Agreement (Expressed or Implied)
Enforceable by Law
Between Two (or more) Competent
Parties
To Do (or Not To Do) a Particular Thing (being a Lawful Object)
With Free
Consent
For a Consideration (or Remuneration)
A Contract may be concluded by Signing a " contract " Document by Two (or more) Parties, or
Placement of a Purchase Order and Its Acceptance .
Contract Price may be Fixed or Variable
(i) Fixed Price Contract covers costs to be incurred till job completion.It is convenient for
budgeting and billing.
(ii) Variable Price Contract includes a Price Variation Formula.It is convenient to quote and
may ultimately be economical to the client.
(iii) The price escalation should have a ceiling.
(iv) Contract Price may include or exclude taxes and duties and their variations as may be
stipulated in the contract.

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Brief Information of companies vying for the government contract.
VectorCal:- VectorCal navigation is medical navigation device which helps used to facilitate
navigation through bodies.
Principles for good VectorCal navigation design
A site must:
1. Let me know where I am at all times
2. Clearly differentiate hyperlinks from content
3. Let me know clearly where I can go from here
4. Let me see where I've already been
5. Make it obvious what to do to get somewhere
6. Indicate what clicking a link will do
Terry Navigation Company (My company in competition to VectorCal Navigation Design):-
Device of my company provides the following features in addition to the standard features of the
navigation system
• Vector calibration device
• Navigable pedicle feeler and awl
• Universal clamps

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SALIENT POINTS OF A CONTRACT&BIDS EVALUATIONIntroduction(Some basics about contract in brief) A Contract is - An Agreement (Expressed or Implied) Enforceable by Law Between Two (or more) Competent Parties To Do (or Not To Do) a Particular Thing (being a Lawful Object) With Free Consent For a Consideration (or Remuneration)A Contract may be concluded by Signing a " contract " Document by Two (or more) Parties, or Placement of a Purchase Order and Its Acceptance .Contract Price may be Fixed or Variable (i) Fixed Price Contract covers costs to be incurred till job completion.It is convenient for budgeting and billing. (ii) Variable Price Contract includes a Price Variation Formula.It is convenient to quote and may ultimately be economical to the client. (iii) The price escalation should have a ceiling. (iv) Contract Price may include or exclude taxes and duties and their variations as may be stipulated in the contract.Brief Information of companies vying for the government contract.VectorCal:- VectorCal navigation is medical navigation device which helps used to facilitate navigation through bodies. Principles for good VectorCal navigation design A site must: 1. Let me know where I am at all times 2. Clearly differentiate hyperlinks from content 3. Let me know clearly where I can go from here 4. Let me see where I've already been 5. Make it obvious what to do to get somewhere 6. Indicate what clicking a ...
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