BUS 501 - Technical and Cost or Price Evaluations and Price Reasonableness

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Business Finance

Description

Required Resources

Compton, P. B. (2010). Federal acquisition: Key issues and guidance. Vienna, VA: Management Concepts, Inc.

Feldman, Steven W. (2016). Government contracts in a nutshell (6th ed.). St. Paul, MN: LEG, Inc. d/b/a West Academic.

Supplemental Resources

Brown, T. L., Potoski, M., & Van Slyke, D. M. (2009). The challenge of contracting for large complex projects: A case study of the coast guard’s Deepwater program. IBM Center for the Business of Government. Retrieved from http://www.businessofgovernment.org/sites/default/files/deepwater_magazine_0.pdf

Rendon, R. G. Critical success factors in government contract management. Retrieved from http://www.ippa.org/IPPC4/Proceedings/19Others/Pap...

Schwartz, M. (2009). Defense Acquisitions: How DOD Acquires Weapon Systems and Recent Efforts to Reform the Process. Retrieved from http://assets.opencrs.com/rpts/RL34026_20090710.pd...


Assignment 4: Technical and Cost or Price Evaluations and Price Reasonableness
Worth 130 points

Imagine that you are a government employee (or military personnel). You have received a proposal from a contractor for a two-billion-dollar ($2,000,000,000) project for the purchase of fifty (52) towers to be installed on the Arizona-Mexico border. Each tower will have radar, night vision, and day vision with 7.5- mile range. You have been appointed as the Chairman of the Source Selection Evaluation Team.

Write a six (6) page paper in which you:

1. Defend the purpose of technical evaluations in regard to:

a. the importance of integrity and fairness.

b. the factors used to determine the competitive range.

2. Create an outline of the final technical evaluation report
3. Determine the factors to consider when evaluating price reasonableness.
4. Examine different methods of price analysis. Determine which price analysis method would fit best in this scenario. Support your reasoning.
5. 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:

  • Evaluate the requirements for a contract proposal using the criteria of technicality, cost, or price to determine the price reasonableness.
  • Use technology and information resources to research issues in government acquisition.
  • Write clearly and concisely about government acquisition 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: 130

Assignment 4: Technical and Cost or Price Evaluations and Price Reasonableness

Criteria

Unacceptable

Below 70% F

Fair

70-79% C

Proficient

80-89% B

Exemplary

90-100% A

1a. Defend the purpose of technical evaluations in regard to the importance of integrity and fairness.

Weight: 10%

Did not submit or incompletely defended the purpose of technical evaluations in regard to the importance of integrity and fairness.

Partially defended the purpose of technical evaluations in regard to the importance of integrity and fairness.

Satisfactorily defended the purpose of technical evaluations in regard to the importance of integrity and fairness.

Thoroughly defended the purpose of technical evaluations in regard to the importance of integrity and fairness.

1b. Defend the purpose of technical evaluations in regard to the factors used to determine the competitive range.
Weight: 10%

Did not submit or incompletely defended the purpose of technical evaluations in regard to the factors used to determine the competitive range.

Partially defended the purpose of technical evaluations in regard to the factors used to determine the competitive range.

Satisfactorily defended the purpose of technical evaluations in regard to the factors used to determine the competitive range.

Thoroughly defended the purpose of technical evaluations in regard to the factors used to determine the competitive range.

2. Create an outline of the final technical evaluation report.

Weight: 20%

Did not submit or incompletely created an outline of the final technical evaluation report.

Partially created an outline of the final technical evaluation report.

Satisfactorily created an outline of the final technical evaluation report.

Thoroughly created an outline of the final technical evaluation report.

3. Determine the factors to consider when evaluating price reasonableness.

Weight: 20%

Did not submit or incompletely determined the factors to consider when evaluating price reasonableness.

Partially determined the factors to consider when evaluating price reasonableness.

Satisfactorily determined the factors to consider when evaluating price reasonableness.

Thoroughly determined the factors to consider when evaluating price reasonableness.

4. Examine different methods of price analysis. Determine which price analysis method would fit best in this scenario. Support your reasoning.

Weight: 25%

Did not submit or incompletely examined different methods of price analysis. Did not submit or incompletely determined which price analysis method would fit best in this scenario. Did not submit or incompletely supported your reasoning.

Partially examined different methods of price analysis. Partially determined which price analysis method would fit best in this scenario. Partially supported your reasoning.

Satisfactorily examined different methods of price analysis. Satisfactorily determined which price analysis method would fit best in this scenario. Satisfactorily supported your reasoning.

Thoroughly examined different methods of price analysis. Thoroughly determined which price analysis method would fit best in this scenario. Thoroughly supported your reasoning.

5. 4 references

Weight: 5%

No references provided

Does not meet the required number of references; some or all references poor quality choices.

Meets number of required references; all references high quality choices.

Exceeds number of required references; all references high quality choices.

6. Clarity, writing mechanics, and formatting requirements

Weight: 10%

More than 6 errors present

5-6 errors present

3-4 errors present

0-2 errors present

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Explanation & Answer

Hi, I have just completed your assignment. It has been nice working with you.

Technical and Cost Evaluations
Thesis statement: Both cost and technical assessments are important for the project as they
would determine the appropriate measures to be adopted for a successful project.
1. Introduction
2. The significance of a Technical Assessment
3. Outline of the Ultimate Technical Evaluation Report
4. Issues Associated With Price Reasonableness
5. Techniques of Price Analysis
6. Conclusion


Running head: TECHNICAL AND COST EVALUATIONS

Technical and Cost Evaluations
Institution Affiliation
Date

1

TECHNICAL AND COST EVALUATIONS

2

Introduction
In the current time, prior to getting involved in a huge project, one is required to have
done a thorough evaluation of the project in order to ensure that they make appropriate decisions.
In this scenario, a contractor had offered a government staff a contract that is amounting to two
billion dollars since it involves the acquisition of fifty-two towers. These towers would be useful
in the border of Arizona and Mexico. Every tower is expected to possess a day vision, a radar,
and a night vision that has a range of 7.5 miles. Therefore, this discussion will focus on the
technical assessment of the entire project. It will hence comprise of the significance of
assessment, the value of integrity, as well as equality. Additionally, the approaches of price
analysis is also an issue of focus so as to understand the pricing process. Therefore, both cost and
technical assessments are important for the project as they would determine the appropriate
measures to be adopted for a successful project (Compton, 2010).
The significance of a Technical Assessment
Prior to getting started with any project, it is essential for a person to examine the
necessities of the project so as to make it progress towards the appropriate direction. Since this
project involves the installation of towers along the border between Mexico and Arizona, it
would be important to have the technical assessment. Therefore, the progress, as well as the
success of the project, will be facilitated by the identification of the necessities involved. A
technical assessment is also recognized for ensuring that the fairness, reliability, and integrity of
a project is achieved as long as a contract is valid. The determination of both the quantitative and
qualitative of the suggested finances is also facilitated by a technical evaluation. This is mostly
associated with the factors that contribute to the success of a project. They comprise of direct
costs, materials, usage of computers, subcontractors, labor, travel, and interdivisional work.

TECHNICAL AND COST EVALUATIONS

3

Moreover, a technical assessment would be helpful in the identification of the features
...


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