2. Genesis Corporation is a fairly large company whose basic business has been i

Question

2. Genesis Corporation is a fairly large company whose basic business has been in the commercial sector. To date, it has no Government contracts over $700,000, and has not been involved with Cost Accounting Standards. Genesis is contemplating proposing on a major Government contract estimated to be $100,000,000. Because of the technical aspects of the program, Genesis will need to utilize two major subcontractors to complete the project. It is estimated that each subcontractor will receive a contract estimated to be over $20,000,000. Genesis has hired you as a consultant to advise the company on the contracting steps it must take to put itself into position to successfully compete for this valuable program. What are some of the contracting elements you would advise the corporation to do to prepare to compete in this program?

Explanation / Answer

Answer

The government evaluates the proposals it gets and decides which represent the “best value.” Best value is not simply about price but is a judgment concerning several factors including capability, capacity, past performance, and price.

The technical aspects of a proposal are often more important than those involving price.

Proposal evaluation is an assessment of the proposal and your ability to perform the prospective contract successfully. The technical evaluation of a proposal is made by technical specialists who are deliberately kept in ignorance of the bid cost of the several proposals.

When developing a proposal, confine the text to essential matters; the quality of the information is significantly more important than the quantity.

The government evaluates all proposals on the same non-price/cost factors: Technical Approach, Past Performance, Management Approach, Experience, and Quality Control Approach.

When developing a technical proposal:

While Entering in government contract, Company should take care of following.

Related Questions

Navigate

• Browse (All)
• Browse 2
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.