BUS 501 Week 4 Assignment 2, Types of Contracts and Performance

$14.99

SKU: 3194 Category: Tag:

Description

BUS 501 Week 4 Assignment 2, Types of Contracts and Performance Based Acquisition

There are different pros and cons of sealed bidding contracts and negotiated contracts. Sealed bidding is more competitive as compared to negotiated contracts. In sealed bidding the Government reward is based in the responsiveness and the responsibility of the contractor. In past sealed bidding was preferred in government acquisitions and contracts buy negotiated contracts are now taking place of sealed bidding gradually. Negotiated contracts are preferred when bidding on the complex procurement projects and when the contractor himself determines that negotiated contract will be better for the best interest of the government…………..Continued