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What factors are critical for successful acquisition? Dobbins & Donnelly (1998) have identified many critical factors that can prove to be vital in the government acquisition process. I will discuss some of these factors in the following. Technically competent program …
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How does government acquisition differ from private business one? The Government and private business acquisition processes have similarities and difference that are necessary to understand while comparing them. I would first state some similarities that would help us understand the …
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Describe several situations when contract is considered incomplete. What are the main terms of contract closeout? There are many circumstances where a contract may be considered as incomplete. On its face value, the contract might look as absolutely fine and …
Describe the role of Contracting Officer in contract performance. Contracting officer is closely related to the life cycle of the contact. The life cycle of the contract means the terms for which the contract remain active between the buyer and …
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Describe and analyze two primary approaches to negotiating. Negotiation is a communication tool which is carried out between two or more individuals or parties to reach an agreement on a matter under discussion. Negotiation is not a process specific to …
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Choose any two estimating techniques and compare them. Estimation is used in different fields to get the desired result within the available resources. Cost estimation is such a process in which we try to estimate the cost of the products …
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What are the ways of risk allocation and diminishing during the solicitation assessment? Quantitative risk analysis may be required to allocate risks and diminish these risks during the solicitation assessment. This is a best way to identify risks and analyze …
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What are the ways to diminish risks through the contracts? Contracts can be used to minimize risks and avoid legal and ethical complications. The process of contracting, government and private is a complex process. In the legal world, words may …
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Is solicitation the perfect tool to find the best supplier? I do think that solicitation the best tool to find a best supplier. The nature of the process of solicitation that involves either a sealed bid or a competitive negotiation, …
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Does private business use the same solicitation tools as government does? Governments deal with private contractors for their supplier in many areas. Governments have to go into contracts with private suppliers. Government dealing is governed by statues and regulations but …
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