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PROCUREMENT Name Institution Professor Course Date Federal Acquisition Regulation is a set of principles guiding the acquisition of goods and services in the United States by private agencies and the federal government. The principles mainly govern the acquisition of goods by issuing of contracts. The main aim of these principles was to create uniform policies and procedures for the acquisition of goods. In addition they help ensure that the customer’s needs are satisfied in terms of cost quality and timeliness. Under this regulation system there are two main methods of acquisition; sealed bidding and competitive negotiation. Sealed bidding is the case whereby interested parties are invited to avail their bids for the contract after which it is awarded to the bidder with the lowest price. Competitive negotiation on the other hand requires the agency to conduct discussions evaluate offers available and award the contract (de W. 1966). The contractor initiates the process by presenting the claim in the form of writing requesting a sum certain and demanding final decision. If a resolution is not found the contracting officer is required to issue a final decision which states the position of the agency about the claim. In the case where a contracting officer does not file a final decision the contractor may appeal the contractors deemed denial. The appeal is initiated by filing a notice of appeal with the board of contract appeals within ninety days of receipt of the final decision. REFERENCES Hatfield D. (2009). Changes in the Contracting Process. AIR FORCE MATERIEL COMMAND WRIGHT-PATTERSON AFB OH. Taylor J. W. & Dickson B. A. (1984). Organizational Conflicts of Interest Under the Federal Acquisition Regulation. Public Contract Law Journal 107-121. Keyes W. N. (2000). Government contracts in a nutshell. West Publishing Company.
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Federal Acquisition Review (FAR) Part 15 – Negotiations states “Exchanges of information among all interested parties, from the earliest identification of a requirement through receipt of proposals, is encouraged.” When planning a competitive solicitation, the agency must provide needed information in order to develop a thorough request that takes into account the agency’s objectives for quality, schedule, and costs.

Imagine that you are a contracts officer for the IRS, and your supervisor has tasked you with the procurement of a new software system for processing tax returns.

Write a two to three (2-3) page paper in which you:

Analyze the proposal adequacy checklist for organizing a proposal, and summarize the intrinsic value of two (2) of the suggestions on the checklist. Prepare and articulate an argument in support of your position.
Debate whether or not the offeree should let an offeror’s mistake within a proposal go uncorrected, even if such action would cause the offeror to withstand a loss.
Suggest one (1) judicial remedy available to the offeror to prevent his / her loss. Provide an argument in support of your position.
Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and similar websites do not qualify as academic resources.
Format your assignment according to the following formatting requirements:

Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
Include a cover page containing the title of the assignment, your name, your professor’s name, the course title, and the date. The cover page is not included in the required page length.
Include a reference page. Citations and references must follow APA format. The reference page is not included in the required page length.

The specific course learning outcomes associated with this assignment are:

Identify and apply the appropriate Federal Acquisition Regulation (FAR) clauses to meet compliance in contracting actions and dispute resolution requirements.
Explain the basic elements and compliance issues of the federal procurement framework (contract formulation, solicitation, costs, payment, financing, administration, and closeout).
Use technology and information resources to research issues in procurement and contract law.
Write clearly and concisely about procurement and contract law using correct grammar and mechanics.

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