Fluent Essays

Evaluating Contracts Aerospace Drones has completed its first contract with the Department of Defense (DoD) on time and under budget. Company expansion has increased production capacity. R&D continues to set industry standards for camera stabilization systems. You have now learned that the Department of Homeland Security (DHS) Science and Technology Directorate (S&T) is seeking to expand its UAS surveillance capabilities. These contracts will require significantly more time to prepare. Once again, you must get to work and prepare a detailed report that addresses the more advanced level of requirements needed for submission. Assignment Instructions Write a 6–8 page paper in which you: Compare and contrast fixed-price contracts and cost-reimbursement contracts in terms of the benefits and drawbacks to small and large businesses. Analyze at least four opportunities your small business will have compared to large businesses in general. Discuss which elements of cost-reimbursement contracts tend to produce the biggest troubles for your small business. Provide a rationale for your choices. Determine which form of contracting would benefit your business the most among all the forms of contracting described in Chapter 16. Support your response. Choose the most significant form of contracting that would support large companies (e.g.,      Boeing) among all the forms of contracting described in Chapter 16.      Support your response. Develop a plan on how your company would justify the government to award your company the contract when the form of this contracting supports larger companies. Formatting Requirements Your assignment must follow these formatting requirements: 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. Use at least three quality academic resources in this assignment. Note:  Wikipedia and other Websites do not qualify as academic resources. The specific course learning outcome associated with this assignment is: Evaluate the impact of fixed-price contracts and cost-reimbursement contracts on a given business.Evaluating Contracts Aerospace Drones has completed its first contract with Department of Defense (DoD) on time and under budget. Company expansion has increased production capacity. R&D continues to set industry standards for camera stabilization systems. You have now learned that the Department of Homeland Security (DHS) Science and Technology Directorate (S&T) is seeking to expand their UAS surveillance capabilities. These contracts will require significantly more time to prepare. Once again, you must get to work and prepare a detailed report that addresses the more advanced level of requirements needed for submission. Assignment Instructions Write a 6–8 page paper in which you: 1. Compare and contrast fixed-price contracts and cost-reimbursement contracts in terms of the benefits and drawbacks to small and large business. 2. Analyze at least four opportunities your small business will have compared to large businesses in general. 3. Discuss which elements of cost-reimbursement contracts tend to produce the biggest troubles for your small business. Provide a rationale for your choices. 4. Determine which form of contracting would benefit your business the most among all the forms of contracting described in Chapter 16. Support your response. 5. Choose the most significant form of contracting that would support large companies (e.g., Boeing) among all the forms of contracting described in Chapter 16. Support your response. 6. Develop a plan on how your company would justify the government to award your company the contract when the form of this contracting supports larger companies. Formatting Requirements Your assignment must follow these formatting requirements: • 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. • Use at least three quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources. The specific course learning outcome associated with this assignment is: • Evaluate the impact of fixed-price contracts and cost-reimbursement contracts on a given business. Determine which form of contracting would Points: Points: Points: Points: Points: Unacceptable Needs Improvement Satisfactory Competent Exemplary Compare and contrast fixed-price contracts and cost- reimbursement contracts in terms of the benefits and drawbacks of each for your business. Points: 0 (0.00\%) Did not submit or incompletely compared and contrasted fixed-price contracts and cost- reimbursement contracts in terms of the benefits and drawbacks of each for your business. Points: 11.7 (9.75\%) Insufficiently compared and contrasted fixed- price contracts and cost- reimbursement contracts in terms of the benefits and drawbacks of each fCommunicating professionally and ethically is an essential skill set we teach at Strayer. The following guidelines ensure: ·· Your writing is professional ·· You avoid plagiarizing others ·· You give credit to others in your work  Review Strayer’s Academic Integrity Policy in the Student Handbook.  Bookmark the SWS website for additional SWS resources.  Visit the SWS YouTube page to view helpful SWS videos. Fall 2020 http://studenthandbook.strayer.edu/Student-Disciplinary-and-Grievance-Policies-and-Procedures/Academic-Integrity-Policy https://library.strayer.edu/sws https://www.youtube.com/playlist?list=PLSvmYamJpLX5DN_56vyQqN4VzitwJU-9r Strayer Writing Standards 2 � Include page numbers. � Use 1-inch margins. � Use numerals (1, 2, 3, and so on) or spell out numbers (one, two, three, and so on). � Double space body text in the assignment. � Use consistent 12-point font. � Use section headings to divide separate content areas. Center the section headings on the page, be consistent, and include at least two section headings in the assignment. � Include the assignment title, your name, course title, your professor’s name, and the date of submission on a separate page (first page of submission). � Use appropriate language and be concise. � Write in active voice when possible. Find tips here. � Use spelling/grammar check and proofread to keep work error free. � Choose a point of view (first, second, or third person) as required by assignment guidelines. � Provide credible sources to support your ideas/work when required. Find tips here. � Cite sources throughout your work when you borrow someone else’s words or ideas. � Don’t forget: Cite and add your textbook to the Source List if used as a source. � Include a Sources List when the assignment requires research or if you cite the textbook. � Type “Sources” centered horizontally on the first line of the Source List page. � Record the sources that you used in your assignment in a numbered list (see Giving Credit to Authors and Sources section). Essay/Paper Guidelines Design Title Page Develop Cite Credible Sources Build a Sources List Use these rules when working on an essay! https://ask.library.strayer.edu/faq/323416 https://library.strayer.edu/research_strategies/ Strayer Writing Standards 3 � Use the provided template to format the assignment. � Generally not required. If it is required, include the assignment title, your name, course title, your professor’s name, and the date of submission on a separate page (first page of submission). � Use appropriate language and be concise. � Write in active voice when possible. Find tips here. � Use spelling/grammar check and proofread to keep work error free. � Choose a point of view (first, second, or third person) as required by assignment guidelines. � Specific assignment guidelines may override these standards. When in doubt, follow specific C Other Contract Types What’s in this chapter? Indefinite-delivery contracts Time-and-materials contracts Labor-hour contracts Letter contracts Basic ordering agreements Performance-based contracting Multiyear contracts Options Life-cycle costing ontracts come in all shapes and sizes. This chapter highlights many of the other contract types you are likely to run into. Don’t be intimidated by these “other contract types.” If you look closely, you’ll notice they are all special modi cations or variations of xed-price or cost-reimbursement contracts. They are used to provide the C o p y r i g h t 2 0 1 2 . B e r r e t t - K o e h l e r P u b l i s h e r s . A l l r i g h t s r e s e r v e d . M a y n o t b e r e p r o d u c e d i n a n y f o r m w i t h o u t p e r m i s s i o n f r o m t h e p u b l i s h e r , e x c e p t f a i r u s e s p e r m i t t e d u n d e r U . S . o r a p p l i c a b l e c o p y r i g h t l a w . EBSCO Publishing : eBook Collection (EBSCOhost) - printed on 3/3/2021 11:20 PM via STRAYER UNIVERSITY AN: 1672305 ; Stanberry, Scott A., A., Scott Stanberry, ProQuest.; Federal Contracting Made Easy Account: strayer.main.eds-live government with greater flexibility in a number of different contracting situations. INDEFINITE-DELIVERY CONTRACTS Frequently, a buying o ce can specify accurately what it intends to purchase but cannot de ne the exact delivery dates and/or quantity that will be required. In that case, it uses indefinite-delivery contracts to procure such items. The actual delivery of these commonly used supplies and services is made when the contracting o cer places an order. One of the primary advantages of this contract type is that it permits contractors to maintain in storage depots a limited stock of the supplies that are being purchased. It also permits direct shipment by the contractor to federal agencies. Two of the more common inde nite-delivery contracts are requirements contracts and indefinite-delivery/indefinite-quantity (ID/IQ) contracts. Requirements Contracts This contract type typically is used for acquiring supplies or services when the government anticipates recurring requirements but cannot specify the precise quantities it will need during the speci ed contract period. The delivery or performance is scheduled when orders are placed with the contractor. These are also known as call contracts. The contracting o cer determines a realistic estimate of the total quantity required in the solicitation and the resulting contract. Records of previous requirements and consumption are used to develop the estimate. This estimate is not, however, a representation to the contractor that the estimated quantity will be required or ordered. The contract also may place limits on the contractor’s obligation to deliver and the government’s obligation to order. In fact, most requirements contracts do not guarant