Based on the same scenario as in Small-Business Opportunities With the Navy, imagine that you have received a request for proposal (RFP #123456789), dated 07/14/2014. You also find out through a reliable source that a local competitor has also received an RFP for a similar type of product and service. Because of this, you will be required to negotiate the contract and will need to consider the contract specifics.
Write a 3–4 page paper in which you do the following:
Suggest three ways in which the basic concepts of the Federal Acquisition Regulation (FAR) policy would mutually benefit your small business and the Navy.
Determine the method that you will use for solicitation of a bid. Next, explain why the Navy is likely to choose your company in the sealed-bidding process.
Go to the Strayer University Online Library to locate at least three quality references. Note: Wikipedia and other related websites do not qualify as academic resources.
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.

Determine the impact of the FAR policy on a given business including solicitation methods.
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Answer rating: 100% (QA)

Federal Acquisitions Regulation policy for Small Business Opportunities in the Navy Bidding processes uphold fairness and abide by contractual duties of legality in attaining a viable deal for the bidder and procurer Thus organizations are legally and ethically bound to fair contract bidding processes that afford bidders equal consideration of their offers These processes are effective in the procurements activities between government bodies and private businesses The Federal Acquisitions Regulation provides the guidelines for government procurement of goods and services from private companies The policy essentially outlines the responsibilities of federal bodies in ensuring fairness and equality in the contract bidding process The policy covers the process of procuring services and goods from a small and disadvantaged business fairly and effectively for both parties In the current scenario using the FAR guidelines protect the concerns of the SBs while ensuring that the NavyNavy a federal entity receives the best deal Benefits of FAR Policy to the Navy and the SB The FAR policy provides guidelines for the bidding process when dealing with the acquisition from small businesses in Part 19 titled Small Business Programs The SB in the scenario can benefit from the FAR policy in many ways including equality in consideration of bids Section 192021 of the policy outlines the aim of the chapter to encourage small businesses to participate in the acquisitions operation of the government AcquisitionGOV 2022 Thus any business that submits its bid to the contracting officer receives equal consideration for the procurement contract The policy also requires that the structure of the proposed acquisition contract is such that it allows fair competition among the bidders In case of any deviation from the process the contracting officer should provide the small business agent with a written copy indicating the reasons for the solicitation The FAR also benefits government organizations in this scenario the Navy The FAR requires that the contracting officer and the evaluation of the contracts carry out a price and cost analysis to determine the winning bid Smith 2018 In case the evaluators do not have the required expertise to undertake the analysis they should hire an expert in the field or with managerial background for the task The contracts pricing should include unit costs overheads and profits where market data will help ascertain the unit prices Essentially the FAR process will allow the Navy to attain the best deal for the supply of the products after evaluating the pricing cost structure and quality of products Method of Solicitation The Request for Proposal issued by the Navy allows two small businesses to bid for the supply contract Thus the solicitation is a sealed bid covering both RFP and IFR proposals for the bid ... View the full answer