Government Contract - Cost and Pricing (solution)

Feb 3rd, 2012
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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

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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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