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Federal Contract Pricing and Negotiations

   

Added on  2019-10-08

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Federal Contract Pricing and Negotiations_1

Contract Pricing and negotiationsFederal acquisition is the process of acquiring services, commodities and goods usingappropriate amount of fund by contract. It helps in satisfying the needs of the customer in termsof various factors like cost, quality and appropriateness. It also tries to minimize the operatingcost of administration; helps in conducting business with veracity, equality and impartiality; andfulfills the other objectives of public policy. For having a planned federal acquisition four facetsmust be taken into care. These are market research; acquisitions, planning, solicitation andnegotiation; award and administration; and close out.For having any federal acquisition, first of all a complete detailed research about themarket is required along with its recent trends. It is required to collect all preliminary data andinformation important for the acquisition. It includes development of documents for newrequirements; solicit of offers over other threshold of simplified acquisition; and when properinformation is not present and cost is reasonable then solicit of offers under the other simplifiedacquisitions. It is the basic foundation to have an effective building of business plan by gatheringappropriate information. Depending on the acquisition type, like it is business or real estate,market research can help contractors in making the decision based upon the necessaryinformation collected. The contractors must find the necessary information required to predictthe requirements for acquisitions. The market research can give contractors detailed informationon suitable goods, services, product, commodities and industry, continuing system andtechnology that are required. The overall aim and objective of the research in the acquisitions isfor determining the best way to acquire, distribute and support services and supplies. A thoroughand overall market research will give required information like capable sources, commercial
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