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Essay / Research Paper Abstract
A 4 page overview of the many considerations that go into the letting of government contracts. This paper details the bid process, follow-up and considers what occurs when contractors default on their obligations. Bibliography lists 3 sources.
Page Count:
4 pages (~225 words per page)
File: AM2_PPgovContracting.rtf
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Unformatted sample text from the term paper:
These rules and policies not only apply to how contracts will be issued and to whom, negotiations, and the contract administration functions and responsibilities, they also apply to terminations and
disputes and the less positive aspects of contract administration. Consider, for example, the various scenarios that might arise when a contracting officer in a federal agency is charged with
acquiring a proprietary database program. First, significant effort must be expended in determining just what it is that the program must be capable of accomplishing. Next, the contract
administrator must undertake the tedious process of considering bids from potential suppliers. In addition to cost and suitability of the product,
cost is another primary factor that must be considered in the contracting procedure. Prospective contractors would be solicited from the Central Contractor Registration Web Site (www.cer.gov) and each would
decide whether or not to bid on the project. In order to bid, of course, prospective contractors must obtain a data universal number (Sparks and Wichmann, 2007). It
is imperative as well that potential bidders identify the appropriate product using the North American Industry Classification System (NAICS) and service codes and that they have all of the necessary
licenses (Sparks and Wichmann, 2007). Once a bid is received in the contracting officers office, it would then be reviewed not
just for product suitability and costs but also for a variety of other factors that weigh into federal contracting procedure. Company ownership must be clear and appropriate contact information
should be provided (Sparks and Wichmann, 2007). Additional details regarding the applicants banking information, tax identification number, and summary financial information for the preceding three years are critical in
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