Government Contract - Cost and Pricing (solution)

Feb 3rd, 2012
Studypool Tutor
Price: $30 USD

Tutor description

Government Contract - Cost and Pricing The Department of Defense plans to issue a $400,000 government contract to a company that specializes in drone navigation technologies. As a result, a government auditor has been contacted to examine the operational data VectorCal and one (1) competitor (previously identified as “your company”) in order to decide which company should win the government contract. Note: You may create and / or make all necessary assumptions needed for the completion of this assignment. Write a six to eight (6-8) page paper in which you: Create a one (1) page overview of the history and background of each company vying for the government contract. Specify at least one (1) of the recent major contracts that was awarded to both companies. Explain the fundamental reasons why both companies were awarded the contract(s) that you specified. Determine the type(s) of contract for which both companies might be eligible (e.g., fixed-price, cost reimbursement

Word Count: 1240
Showing Page: 1/9
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

Review from student

Studypool Student
" Goes above and beyond expectations ! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1824 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors