Week 9 Assignment - Acquiring a Contract With the NavyIntroductionBased on the same scenario as in your first two assignments, you are ready to begin considering the factors needed for your proposal based on RFP #123456789, dated 07/14/2014. Remember that another local competitor intends to submit a proposal as well.Before beginning this assignment, review Subpart 19.5 - Small Business Total Set-Asides, Partial Set-Asides, and Reserves.Additional factors to consider are as follows:Both your company and your competitor’s company will qualify under the HUBZone Act (FAR 19.5).Based upon the scope of work required, your initial estimates for the contract will exceed 150,000 dollars. Therefore, you are willing to offer incentives to the Navy.Your competitor intends to submit a proposal for a one-year contract.InstructionsWrite a 5–6 page paper in which you:Examine two reasons why your business would qualify under the basic concepts of the HUBZone set-aside procedures. Provide a rationale for your response.Analyze the primary ways in which a multiyear contract would benefit both the Navy and your business.Determine whether your bid proposal should be based on a fixed-price, a cost-reimbursement, or a time-and-materials type of contract. Provide a rationale for your response.Determine the category of incentives that you are willing to offer (that is, cost, schedule, or performance). Provide a rationale for your response.Determine whether your bid proposal should be a technical, management, or cost proposal. Provide a rationale for your response.Speculate on five potential risk factors that you will need to consider if your company is awarded the contract. Provide a rationale for your response.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:Analyze bid proposal considerations related to benefits, costs, incentives, and risk factors.