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Federal Acquisition Review (FAR)

Federal Acquisition Review (FAR) Part 15 – Contracting by Negotiation states, “Exchanges of information among all interested parties, from the earliest identification of a requirement through receipt of proposals, are encouraged (1).” 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 2–3 page paper in which you:
Analyze the proposal adequacy checklist for organizing a proposal, and summarize the intrinsic value of two 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 judicial remedy available to the offeror to prevent his or her loss. Provide an argument in support of your position.
Use three sources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment. For help with research, writing, and citation, access the library or review library guides.
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.The specific course learning outcome associated with this assignment is:
Analyze compliance issues and remedies related to the federal procurement framework.

Sample Solution

developed by Markowitz (1952) and suggests that an investor can build a portfolio of multiple assets that will maximise returns for a given level of risk. If the maximum return, whilst being exposed to the least risk, could be achieved through domestic markets there would be no need for foreign exposure. In fact, it is argued that international investing is used more to reduce risk than to seek out a higher return. Goetzmann, Li and Rouwenhorst (2002) state that “one of the most well-known results in finance is the decrease in portfolio risk that occurs with the sequential addition of stocks to a portfolio”. Currency volatility The single most important consideration when investing in either of these markets is currency risk. As of today (20th October 2016), the Pound has fallen 19% against the dollar and 15% against the Euro (FT, 2016) which makes purchasing stocks in these countries considerably more expensive than pre-Brexit. Source: Myforexchart (2016) The consideration is therefore expectation of further opportunity given the current trend downwards in the lead up to invoking Article 50 or threat of a rebound. A rebound would devalue any overseas equity growth whereas a further decline would inflate any gains. As the methodology of Brexit is yet to be determined, the Pound against both the Dollar and Euro continues to experience high volatility. Shortly after the referendum, the Financial Times asked several experts to forecast the effect on the pound against the dollar. The lowest forecast, given the information at that point was $1.15. As of 20 October 2016, it’s $1.20. (Blitz, McCrum and Mackenzie, 2016). The difficult decision here is based on the total obdurate lack of uncertainty. The currency will continue to be volatile until a clear direction for exit is determined. This uncertainty is evidenced by HSBC who currently forecast that the pound will fall to $1.10 and parity against the Euro by the end of 2017 (Nag and Graham, 2016), whilst Mnyanda (2016) thinks a hard Brexit has already been priced in and the pound could rally 5%.
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