Contract Cost and Documentation for the Navy Students Name Institutional Affiliation Contract Cost and Documentation for the Navy Proper evaluation of nature of the work as well as outlining all the associated risks constitutes the success of any contracting process (Stanberry 2012). Having the market analytics would provide the trends in the market fluctuations of the intended products which would then guide on the costing process. It is essential for the contracting company to consider the quality of the products and services to be offered the availability of raw materials and the remunerations to the staff and other associates before providing the fixed price for the bid (Stanberry 2012). As part of the process to determine the contract cost it is essential for the business to consider the option that would offer the protection to the company’s patent rights avoid litigation and minimize any form of monetary damages. In observe a proper documentation process. Considering the case of a contract with the Navy it would be important for the business to opt for the performance-based payment type which is suitable for remuneration of individual employees and the whole staff as well. To maintain the company’s provisions within the quality standards the business would establish the standard indices and procedures for checking the quality adherence. On the other hand limiting any form of patent rights infringement would reduce the chances of prosecution and the possible loses. References Building Investigation & Testing Services. Raised Floor Testing (2010). Retrieved from www.building-testing.com Contract Files. Subpart 4.8. (n.d.). Retrieved from www.acquisition.gov Payments. Subpart 32.10 (n.d.). Retrieved from www.acquisition.gov S. A. (2012). Federal Contracting Made Easy (40th Ed VA: Management Concepts. Thiele A.R. Blakeway J. R. & Hosch C. M. (2010). The Patent Infringement Litigation Handbook: Avoidance and Management. Retrieved from books.google.com.ua VKW_O6T5ygPhw4GgDw&ved=0CCIQ6AEwAQ#v=onepage&q=patent%20infringem ent%20objection&f=false
Based on the same scenario as in Assignments 1, 2, 3 and 4, you are now considering the final factors needed for your proposal based on RFP #123456789, dated 07/14/2014.
Additional factors to consider are:
The other local competitor has removed their name from consideration and has requested to become your companys sub-contractor due to your companys patent on the specialty coating.
Your existing floor equipment is dated. However, you have learned that the Navy base has floor equipment which is not currently being used.
Write a six to eight (6-8) page paper in which you:
Determine the payment type (i.e., receiving progress payments, performance-based payments, or partial payments) you will use in your bid. Provide a rationale for your response.
Determine the approach and the key terms that you would consider in requesting the use of the Navys floor equipment. Provide a rationale for your response.
Propose the quality control and inspection procedures that you believe should be included in your proposal. Provide a rationale for your response.
Determine, because of your companys private patent on the specialty floor coating, whether the Navy would or would not have a patent infringement objection for the use of the coating. Provide a rationale for your response.
Determine the mechanism for contract closeout your company would use with the Navy. Provide a rationale for your response.
Use at least three (3) quality references Note: Wikipedia and other related websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the students name, the professors name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.