Sealed Bidding and Discussion Essay

Contracting Methods and Deal Types: Costs Implications SHUTTLE BUS 315

Professor Rafi

Strayer University

This summer 8, 2010

By

Shirley Shelton

Abstract

This section reviews the contracting methods and the kinds of contract types used by the federal government from a pricing standpoint. The two that we will explore in this paper are Closed Bidding and Negotiation. Covered bidding is employed when the contracting officer decides that enough price competition exists and that the specification or statement of is very well defined to enable offerors to bid on a fixed-price basis. On the other hand negotiation is used once sealed putting in a bid is inappropriate, such as times when the specification or declaration of work is probably not well-defined enough for offerors to buy a fixed-price basis.

Contracting Methods and Contract Types: Pricing Effects Sealed Putting in a bid

Sealed putting in a bid is used when the contracting agency knows just what it wants which is simply seeking to get it on the lowest responsive and accountable price. The contracting organization prepares a great invitation pertaining to bid (IFB) to inform point of view bidders with the government's demands. The IFB contains a precise description from the supplies or services essential. The future acquisition can now be publicized digitally through FedBizOpps. gov, permitting any interested firm to download the IFB and decide if that warrants a response. Interested businesses will fill in bids which can be kept in a secure place until the bid opening particular date and period stated in the IFB. The bids happen to be opened widely and it is after that that the wager amounts of every single offeror become public. Also this is the beginning of the government's analysis process. They start with the apparent low bidder that is both responsive and responsible. Once this kind of criterion continues to be met the contract is awarded and the government is committed to paying of the price that was bet and recognized. Negotiation

The government recognized which the sealed putting in a bid process could be time...



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