Question: The ASPA, FPASA, and CICA established two basic methods of obtaining full and open competition -- (a) sealed bidding and (b) competitive negotiation. Sealed bidding

The ASPA, FPASA, and CICA established two basic methods of obtaining "full and open competition" -- (a) sealed bidding and (b) competitive negotiation. Sealed bidding is

characterized by a rigid adherence to formal procedures. Those procedures aim to provide all bidders an opportunity to compete for the contract on an equal footing. In a sealed bidding acquisition, the agency must award to the responsible bidder who submits the lowest responsive bid (price). In contrast, competitive negotiation is a more flexible process that enables the agency to conduct discussions, evaluate offers, and award the contract using price and other factors.

Provide an example or scenario of seal bidding and competitive negotiation. Explain the scenario and details to show why that example or scenario were seal bidding and competitive negotiation.

Step by Step Solution

★★★★★

3.44 Rating (147 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

1 As established by the ASPA Armed Services Procurement Act FPASA Federal Property and Administrative Services Act and CICA Competition in Contracting Act sealed bidding and competitive negotiation ar... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...

Pertaining to the post below, please provide: An example or scenario of seal bidding and competitive negotiation. Explain the scenario and details to show why that example or scenario was seal...

With regard to the below readings, what were some of the biggest challenges to effective contract implementation and management? How could the issues have been avoided? Outsourcing in public health:...

International Journal of Economics and Financial Issues ISSN: 2146-4138 available at http: www.econjournals.com International Journal of Economics and Financial Issues, 2016, 6(2), 392-401. Foreign...

Using the SEC 10-K for LOCKHEED MARTIN answer the questions below: ****I included the report in the attachment **** What were total current assets for the two most recent years? What were total...

Please answer below with elaborative justification from the attached cases below: What is similar and different about the two case companies? How important is the ProFusion platform to Adnexus?...

Please answer the question below. You need to read the imaginary case Tesla-motorcycles in order to answer the questions. -What are the primary components of Tesla Motorcycles value chain? The answer...

chapter 6 \" International Management It was once said that the sun never set on the British Empire. Today, the sun does set on the British Empire, but not on the scores of global empires, including...

You and a business partner opened a fitness gym three years ago. Your partner oversees managing the operations of the gym, ensuring the right equipment is on hand, maintenance is conducted, and the...

However, in the short run, most economists believe that real and nominal variables are intertwined. Economists use the model of aggregate demand and aggregate supply to examine the economy's...

The LCM of 6, 12 and n is 660. Find all the possible values of n.

Refer to the Crystal Springs Filtration Department Data Set and your answer to S5- 17. Crystal Springs Data Set: Crystal Springs produces premium bottled water. CrystalSprings purchases artesian...

Why have automated handling systems failed to meet their expected potential?

The following events apply to Salter Manufacturing Company. Assume that all transactions are cash transactions unless otherwise indicated. Transactions for the 2013 Accounting Period 1. The company...

Refer to the Crystal Springs Filtration Department Data Set. 1. Compute the May conversion costs in the Filtration Department. 2. If the Filtration Department completely processed 205,000 liters,...

Annual revenue for Corning Supplies grew by 5.5% in 2007; 1.1% in 2008; 3.5% in 2009; 1.1% in 2010; and 1.8% in 2011. What is the mean growth annual rate over this period?

Find the derivative of the functionF(x)=x4-3x3x2x2in two ways: by using the Quotient Rule and by simplifying first. (Check thatQuotient Rule F'(x)=4x(72)-6x(52)-32x(52)simplify first...

Why are nonfinancial measures alone insufficient for managing relationships with customers?

How can management accounting information produce behavioral and organizational reactions?

1. According to the kaizen costing approach, who has the best knowledge to reduce costs? Why is this so? 2. Under what condition will the cost savings due to kaizen costing not be applied to...

Table 20P-4 shows an economys GDP, current expenditures, and tax revenue for 20132016. a. Complete the table by filling in the prior-year debt for each year listed. b. For each year, is this economy...

For each of the scenarios below, determine whether you think it is likely that an employer could be discriminating against a person because of his or her age. Explain why or why not. a. A young...

Some economists have studied the effects of lookism, or discrimination based on how attractive a person is. Give an example of a case in which the market might encourage lookism and an example of a...