Understanding Government Contract Source Selection Summary

In the current business environment, the demand for project managers is ever growing. In short, project management is a provisional project constrained by time, cost and scope (A guide to the project management body of knowledge, 2013). Between the immense organization, optimization, and communication assets skilled project management brings to a project, it is easy to see why project management is a booming field of study. Furthermore, project management can be both financially and personally rewarding when long term milestones and goals come to fruition.

Government acquisition is the process through which government agencies make purchases for all goods and services. To ensure that contracting ethics and morals are observed by all the agencies there is set of rules that are to be used by all agencies, this rules govern how purchase of goods and services will be done by all the federal agencies.

Highly publicized incidents such as the federal government purchasing at $500 hammer or $2,500 toilet seat continue to capture headlines as examples of a federal procurement process gone awry, but these notorious examples have become few and far between in recent years, due in large part to significant reforms such as the Federal Acquisition Streamlining Act of 1994 that minimized some of these problems. Despite these substantive reforms, the federal government continues to receive criticisms concerning the manner in which it administers the procurement process. In order to gain new insights in this area, this paper provides a review of the relevant literature to describe the legal and administrative framework and socio-economic considerations of the federal procurement process. A summary of the research and important findings are presented in the conclusion.

In order to be considered for a government contract the acquisition and planning strategy should pinpoint the strategy the vendor intends to use, all while gaining a sense of what will need to be done in order to accomplish the agency needs. The plan must address all the technical, business, management, and other important matters that the

It is essential that project managers have a thorough understanding of procurement concepts, and the contracts that are involved in the practice. This assignment will focus on the types (Fixed Price, Cost Reimbursable, and Time and Material), and subtypes of procurement contracts, and discuss the pros, cons, and the burden of risk of each. At the end of the assessment, (FFP). This a clear understanding of which type of contract is least advantageous choice for the ACME breakroom construction project. Further, the paper will highlight this type of contract is a bad choice, and discuss

Kerzner, H (2013), Project management: a system approach to planning, scheduling, and controlling (11th ed.), Hoboken, NJ: John Wiley & Sons, Inc.

The most common input documents in the procurement industry as mentioned by Garrett in his book are, request for proposal (RFP), request for tender (RFT), request for quotation (RFQ), invitation to bid (ITB), invitation for bids (IFB), and invitation for negotiations (IFN), while, the output documents are the proposals and the bids. For the purpose of this essay I am going to focus on the RFP, ITB, and RFQ as input documents on the buyers step three, solicitation. On the output documents I also want to add quotes, which were not mentioned by the author but in my personal experience they are invaluable when procuring goods and services. Additionally, I want to talk about the risk management aspect of the RFP from the buyers and sellers

The Project Management Body of Knowledge is an inclusive term that describes the sum of knowledge with in the profession of the project management. Project

The government must then conduct market research, once this is completed the government then sends out a draft or final documents. The government then conducts a bidders conference to determine the level of competition and to understand any contractor concerns. Throughout the procurement process, the government receives questions from companies and answers the industry questions. The government prepares for receipt of company proposals by coordinating logistics, evaluators and schedule. Each evaluator receives company proposals, and evaluation. If there are any deficiencies that the evaluator finds in the proposals, the company sends over clarifications to the evaluator. The evaluation team begins the evaluation of the companies price proposals. The government will then make a competitive range determination. The government then does live test demonstrations. The government issues a call for final proposal revisions. The government negotiates the final contract with the apparent winner, then the government awards the contract to the winning company. Finally we have the contract start up, contract performance, and contract shutdown. As we can see negotiated procurement is a process that doesn’t happen overnight, but will truly help you be able to save money off of the 300 hardware products and software services, that will used in the accounting department.

been widely established in areas such as the planning and control of time, cost and quality. In

Many organizations and industries use project management as a guide to effectively manage projects. Those industries include construction, Department of Defense contractors, non-profit organizations and governmental entities (Larson & Gray, 2014). Surveys have been used from governments and industries to emphasize the importance of project management. The Economist Intelligence report argued that, “80 percent of global executives believed having project management as a core competency helped them remain competitive during the recession” (Project Management Institute,

Source: Steyn, P. & Van Dyk, P., n.d. Cranefield College - Project Management: Leading, Creating, Implementing and Improving. Module 1 ed. s.l.:Cranefield College of Project and Programme Management Study Guide. P 118.

The University of Perth has a strong commitment to project management education and seeks to extend this education commitment to the city of Geraldton. The University wants to provide the community of Geraldton with project management knowledge by holding a 3-day conference with representation from the international project management community.

Source: Steyn, P. & Van Dyk, P., n.d. Cranefield College - Project Management: Leading, Creating, Implementing and Improving. Module 1 ed. s.l.:Cranefield College of Project and Programme Management Study Guide. P 118.

The Project Management Body of Knowledge (PMBOK) is a collection of procedures and learning areas acknowledged as