Government contracting remains aligned with the concept of job creation as departments seek to establish avenues through which resources can reach the public. Business models that promote government-private sector businesses are therefore advocated for with the legal frameworks of federal administration (Manuel et al., 2012). Because the expectations of government revolve is to creates for small businesses such as Vanessa Sequeira Inc., it is imperative that observe the guidelines provided for in the Federal Acquisition Regulations (FAR) policy. The FAR policy provides a guideline from which both business entities and government departments benefit when they engage one another on business transactions.
The FAR policy stipulates four fundamental principles. First, it recommends customer satisfaction in terms of quality, cost and being timely to deliver the contracted goods. Second, operating costs should be minimized. Third, the business must fulfil public policy objectives. Finally, the contracted entity must uphold integrity, fairness and openness in conducting business. According to Manuel et al. (2012), small businesses for that matter stand to benefit from government exceptions and engagement since it is mandatory that small businesses should be awarded 23 per cent of government contracts. After receiving the Request for Proposal (RFP), as a small business, it is highly probable that Vanessa Sequeira Inc. will receive the tender award. Vanessa Sequeira Inc. will benefit from the provisions of the FAR policy that grants businesses priority in government tenders.
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Ways in Which the FAR mutually benefits small businesses and the Navy
The Navy, as a federal government entity, must ensure that it awards up to 23 percent of its entire contracts to small businesses as a way of creating job opportunities. In granting Vanessa Sequeira Inc. he contract, the Navy will be fulfilling the legal obligation. As a small business entity operating under the 8a category, Vanessa Sequeira Inc. will benefit from a single sourcing process that reduces competition that is often encountered as a result of formal bidding processes (Clark III & Moutray, 2004). The 8a certification awarded to small companies helps to ensure that the firm avoids the normal federal bureaucracy placed in contracting processes by federal laws (Townes, 2008). Finally, the business stands the chance of benefiting from large contracts that are always a preserve of the large corporations hence enhancing growth through gained experience in handling large government contracts.
The Method to Use for Solicitation of the Contract Bid
Award of government contracts should be on meritocracy. In this instance, the existence of another competitor for the same contract means that the firm has to remain competitive while conducting the bid solicitation process. In ensuring that the firm is awarded the contract, the business shall declare its capacity to handle such project magnitude by tabling a competitive bid compared to the competing firm (Clark III & Moutray, 2004). The firm shall declare all its allocated financial resources set for the project, deliver a report on the delivery schedule that is competitive, and provide proof of integrity in its operations.
Why the Navy Is Likely To Choose Vanessa Sequeira Inc. in a Sealed Bidding Process
Clark III and Moutray (2004) identify sealed bidding processes employ competitive methods to determine the best-suited firm to offer contracted services. The Navy in this instance is likely to go for a competitive firm that meets various legal aspects. As such, Vanessa Sequeira Inc. has an advantaged because it is a class 8a certified company hence provides the Navy with an alternative regarding meeting government legal obligation (Townes, 2008). Further, the business has consistently shown meticulous competency in its previous undertakings earning the necessary experience needed in government contracts. Finally, it provides the Navy with the chance of creating employment that is in line with the government aspirations.
References
Clark III, M., & Moutray, C. (2004). The Future of Small Businesses in the US Federal Government Marketplace. Journal of Public Procurement , 4 (3), 450-470.
Manuel, K., Halchin, L. E., Lunder, E. K., & Christensen, M. D. (2012, November). The Federal Acquisitions Regulation (FAR): Answers to Frequently Asked Questions . Congressional Research Service, Library of Congress.
Townes, G. (2008). Federal Contracting. Network Journal , 15 (5), 8.
