Contract Law and Acquisition Strategies: Finance and Business

This report examines the intricacies of contract law and acquisition strategies. It begins by analyzing the foundational elements of effective business relationships and the importance of aligning strategies with customer expectations. The report then delves into the influence of government contracting, including budget considerations, and how these factors impact product and service quality through strategic sourcing. Furthermore, it explores performance-based acquisitions, outlining the roles of PWS and QASP within service contracts, referencing FAR part 37. The study also emphasizes the importance of risk management in government contracting, including strategies to mitigate potential risks. Finally, the report examines contract financing and the acquisition process for non-commercial contracts, as well as the complexities of determining appropriate contractual arrangements to meet customer needs. The report leverages the work of McKendrick (2014) to support its analysis.

Topic 1
This topic details the business relationship and the customer expectations upon which the strategies
can be placed to make it effective associations. The various commercial, non-commercial
acquisitions and the laws governing such as the FAR who can affect the strategies to make it an
effective relationship.
Topic 2
Given the business environment which co-exists with the business, it is imperial to take into the
consideration of the budget cuts and the government contracting. This is the solution by which the
quality and the cost can be improved related to the product and services. This is also referred to as a
strategic sourcing,
Topic 3
Assessment of the performance-based acquisition with a commercial and the non-commercial
relationship set up. PBA, PWS, QASP which are associated with the service contract. FAR part 37
which governs service contracting (McKendrick , 2014).
Topic 4
Identification of the risk management, program cost, identification of managing risks which can help
in the reducing risks within the government contracting.
Topic 5
This topic details the contract financing which details the acquisition strategy which covers contract
financing. Acquisition process which describes the elements of non-commercial contract.
Topic 6
This topic describes the elements of the complex acquisition situation which determine the
appropriate contractual arrangements which can support the customer needs.

References
McKendrick, E. (2014). Contract law: text, cases, and materials. Oxford University Press (UK).