Homework: Evaluating Contracts
Aerospace Drones has completed its first contract with the Department of Defense (DoD) on time and under budget. Company expansion has increased production capacity. R&D continues to set industry standards for camera stabilization systems.
You have now learned that the Department of Homeland Security (DHS) Science and Technology Directorate (S&T) is seeking to expand its UAS surveillance capabilities. These contracts will require significantly more time to prepare. Once again, you must get to work and prepare a detailed report that addresses the more advanced level of requirements needed for submission.
Task
Write a 6 to 8 pages paper in which you:
I. Compare and contrast fixed-price contracts and cost-reimbursement contracts in terms of the benefits and drawbacks to small and large businesses.
II. Analyze at least four opportunities your small business will have compared to large businesses in general.
III. Discuss which elements of cost-reimbursement contracts tend to produce the biggest troubles for your small business. Provide a rationale for your choices.
IV. Determine which form of contracting would benefit your business the most among all the forms of contracting described. Support your response.
V. Choose the most significant form of contracting that would support large companies (e.g., Boeing) among all the forms of contracting described. Support your response.
VI. Develop a plan on how your company would justify the government to award your company the contract when the form of this contracting supports larger companies.
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.
The specific course learning outcome associated with this homework is:
1. Evaluate the impact of fixed-price contracts and cost-reimbursement contracts on a given business.