In the final processes of the contract finalization, care must be taken as over time the market switches up and which unveils all associated risks. It is at this time where a company reaps the benefits of all the negotiating and getting their offers approved by the Contracting Officer. Mike Malone Inc. (MMI) offered fix prices to the Navy and should also look at their employee pay, materials needed and quality of work to be done. The company functions under the HUBZone and have just been awarded the flooring contract for Naval Station Norfolk (NOB Norfolk). One of the key attributes that won the base Contracting Officer over was the fact that MMI had the lowest profit margin at 8% and the current market position they were in.
An additional trait the company had was the fact that they owned the
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This patent gave them more power over the competition of local flooring companies and one in particular has since decided to sub-contract under MMI. Upon starting the job, MMI has discovered that NOB Norfolk has flooring equipment that has not been used however, MMI stocks inventory that is fairly dated material. A key driving factor to establishing the cost of the contract is attaining MMI’s patent so they won’t lose money and protection against any litigations (Thiele, Blakeway and Hosch, 2010). In seeking payments for their services, MMI will be utilizing the performance-based and receiving progress methods to accrue payments from the federal government. These two methods are good choices because they are the most preferred way when dealing with the United States government, depending on
In this paper I will discuss the various aspects of a Federal Contract Specialist position and what makes it different from many other government jobs. Some people think contracting is just shopping for a living, however, it requires great skill and attention to detail. Contract Specialists must be able to communicate effectively with their customers, vendors and other contracting personnel and they must be able to accurately interpret regulations and apply them appropriately. This position is a little bit customer service representative, a little bit personal shopper and a whole lot of legal assistant.
This review will address several issues associated with the legal, business, and ethics related with the case. First, it will address the legality of the case by reviewing the difference between a written and oral contract, and the results of recovering fees. Next, this review will analyze the business effect of the case as it relates to the monetary bottom line and Chuckrow’s attempt to protect his profits. Subsequently, it will highlight the unethical behavior of Chuckrow and its potential effects on future subcontractors’ trust in
The United States government is the largest single purchaser of goods and services in the world. Even during times of economic hardship, the US continues to dump billions into the private sector. The federal procurement spending rate of growth has surpassed the rate of U.S. inflation every year, since 2000. With annual federal procurement budgets of more than $400 billion, it is no surprise that the competition for government contracts has increased tremendously. Consequently, more and more companies are trying to get a piece of the action. When these companies adhere to all of the required regulations and statutes, they expect their proposals to be evaluated and the contract awarded in
1. You recently retired from government contracting work and established a consulting company (fully consistent with government ethics laws and rules, of course) with the primary focus of advising potential government contractors and subcontractors. Mr. Johnny Jones, of The Johnny Jones Flooring and Construction Company has approached you with a question. Jones and his company are potential subcontractors (they, obviously, specialize in flooring) on a federal construction contract worth a little over two million dollars ($ 2,000,000.00) recently awarded to the Jimmy Smith Construction Company (Jimmy Smith, the prime contractor). Neither Johnny nor his company have ever been part of a government contract
A contract has been awarded under competitive negotiated procedures and an unsuccessful offeror wanted to know why they were not the winner. The Federal Acquisition Regulation (FAR) provides an approach to this issue by offering an organized correspondence with the unsuccessful offeror and the government. An unsuccessful offeror may submit a request to the contracting officer for clarification on why they did not win the award. This request is called a debriefing. The debriefing provides feedback from the government on the unsuccessful offeror’s proposal explaining the process in depth as to why they were not selected. Only certain information is shared and will vary depending on whether the debriefing is conducted prior to or after
Comparing to my designer interview again, there is an extremely important element comes in —— SAFETY. Patti said, we may accept low profit or scheduling mistakes but never safety problems. She explained that safety problem could be imagined like a long-term liability, which would not only negatively affect labors themselves but the company’s reputation. She introduced me that there is a official factor called EMR (Experience-Modification Rating), which is based on the amount of claims made by a contractor’s employees and goes back four years. Normally, if a company’s EMR is less than 1, which means it has a good safety record. This factor will also influence labor burden, therefore, it will affects labor cost. During the bidding process, a lower labor cost is an important element of total bidding price, which can determine how competitive a company is. Another method they always use to make them competitive is that in every part of the project, they will chose at least three subcontractors and let them compete each other, therefore, make an entirely ideal
Q1, On the basis of the facts presented with the case overview, is Labco’s accounting policy for the revenue treatment of its construction contract reasonable?
BIDDEFORD - Police investigate what might have caused the death of their colleague and now former policeman, Patrick Maloney. Officers who responded found him dead inside of his house on Friday, December 4th, but the cause of this 44 year old man's death has not yet been released.
Mark Cuban was born July 31, 1958 in Pittsburgh, Pennsylvania. His parents are Shirley (Feldman) and Norton Cuban. Mark was always a businessman, since he was 12 Mark was selling garbage bags from door to door. The trash bags helped him pay his way through college at Indiana University, and then his junior year he used chain mail to pay for college. Two years after finishing his degree, Mark moved to Dallas and got a job selling personal computers. It didn't matter that he didn't know anything about them because Cuban taught himself by reading the manuals. After convincing a customer to loan him $500, he launched Micro Solutions, a reseller of local-area network and connectivity products.
Only a month after the inaugural Jersey Mike’s Subs opened in Clovis, the company has announced nine more of its franchises are planned for the Central Valley.
The Scot's energy improved too late as the Dons celebrated their win after the last whistle.
As the Director of Long Island and Cypress Hills National Cemeteries, I prepare, justify, and administer a combined operating of $9,259,500.00. Planning and evaluating contracting and procurements can be difficult if not coordinated and monitored correctly. LINC is currently under a large renovation period there are 12 multi-year contracts being managed valued at over $25 million. I oversee three National Shrine Concrete Beam System contracts. The first at Cypress Hills National Cemetery valued at $6,324,083.66, a second contract at Long Island National Cemetery valued at $3,686,856.50 and a third valued at $3,382,940. In addition to these Raise and Realign Millennium contracts valued at $13.3 million, I manage several internal maintenance contracts. The grave repair and fine-tune alignment contracts valued at $715,700.00. LINC’s mowing contract valued at $810,152.00, a mowing contract at Cypress Hills valued at $1,001,355.60, Headstone Setting and cleaning contract valued at $339,815.00, and a trimming contract for Cypress Hills and Long Island valued at $35,661.00. I maintain oversight and manage these contracts through my staff; I have five staff members that are Contracting Officer Representatives (COR). Though they are managing each contract, I conduct contract review and inspections on a weekly basis. To accomplish this I require each COR to complete and forward to me a weekly observation sheet. This sheet tracks all actions related to each contract on a weekly basis to ensure any errors by the contractors are documents and retained. I personally manage two of the larger contracts to provide my employees with a positive example of how to manage contracts. Managing a large number of contracts has provided me with the
Looking at the parties involved in the negotiation, it was clear that each party would have agendas that would be in conflict with each other. For instance, the other ports in the region would like the highest compensation possible while Harborco would like the lowest compensation. Additionally, each party would also have a minimum threshold score that they would need from each outcome before they would support the project. Therefore, it is clear that this is an integrative negotiation which requires joint problem solving to achieve
In 1954 Ray Kroc became the first franchisee appointed by Mac and Dick McDonald in San
The following case analysis will assess Coach Inc. and its strategy in the accessible luxury brand goods market. The coach strategy focuses on its luxury rivals in matching key quality styles while offering it at a cheaper price. The company offers most products at a 50% off discount price less than other brands which gives them a competitive advantage pertaining to its customer base. Coach marketed its products to middle –income consumers desiring taste of luxury, but also affluent and wealthy consumers with means to spend considerably more on a handbag (Gamble, 2012. P.C-73) .The Company also has several other strategies such as to increase global distribution, improve same store sales productivity and continue its multi-channel business model which includes indirect whole sales to third party retailers but also focuses on direct consumer sales. Coach has done well in the luxury goods industry but the companies profit margin is still below the levels achieved prior to the onset of a slowing economy in 2007 ( Gamble, 2012. P.C-73.The Company had experienced a decline in sales as they are unsure if the company recent growth could remain constant and maintain their competitive advantage with other successful luxury lines Michael Kors, Salvatore Ferragamo, Prada and Dolce & Gabbana.