The term acquisition, which is the improved version of procurement, was adopted in 1970, and remains a characteristic and parcel of Department of Defense (DoD) contracting activities (Engelbeck, 2002)…
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primarily, acquisition constitutes a process that functions and bears results based on interdependence and cooperation of various aspects in the contracting process (Engelbeck, 2002). Furthermore, acquisition team is what makes the process of acquisition succeed, based on the set goals. Moreover, formation of the team should reflect aspects of integration, interrelation, cooperation, and collaboration with enhanced communication networks. Business Opportunity Opportunity Title: Z-Full Seepage Blanket Extension, Bolivar Dam, Ohio Solicitation Number: W91237-11-B-0006 Agency: Department of the Army Office: U.S. Army Corps of Engineers Office Location: USACE District, Huntington URL: https://www.fbo.gov/?s=opportunity&mode=form&id=c88569da75a9388b1203f6f44e4a9fc7&tab=core&_cview=0. This is one of the projects owned by the Department of Army, and solicitation for the project awaits posting of notice for contractors. The project largely involves contractors initiating an action-plan of placing fill material on the downstream side of the Bolivar Dam in Bolivar, Ohio State. Included in the work to be performed are base contract plus two options. On the part of Base Contract, construction of a portion will take place at downstream seepage blanket, a terrace filter blanket extension, 450’ of storm sewer, and tree and brush clearing around the left abutment of the dam (FedBizOpps, N.d). On the part of two options, option (1) will involve construction of remainder of the downstream seepage blanket and 530’ of storm sewer. Option (2) will involve construction of the right abutment seepage blanket (FedBizOpps, N.d). The process of constructing seepage blankets will largely involve borrow material from an on-site borrow area, whereby, the portion of material will be purchased by the contractor from commercial source (FedBizOpps, N.d). Construction to be done will take place on government owned-land, which will be the same thing happening for borrow and spoil areas. Research has indicated that there will be need for roads (Haul roads) connecting borrow and spoil areas and subsequently linking them to seepage blankets. The whole project is estimated to cost between $5,000,000 and $10,000,000 (FedBizOpps, N.d). The delivery (completion) of the project is estimated will take 635 calendar days after the initial date when authorization of the project commencement notice is received. Sections of FAR Act will guide some of the operations of the project such that, 25% of total contract performance incurred for personnel should be expended for employees of the prime contractor. Acquisition Team Engelbeck (2002) observes that Acquisition needs to be perceived as the process that connects the needs of customers and overall satisfaction derived by the customers. Further, Acquisition is a process of steps and activities involving identifying requirements (needs), acquisition planning, preparation of the solicitation, source selection, negotiation, and contract award, performance and closeout (Engelbeck, 2002). Success of acquisition process has been attached to ability to institute acquisition team that is multi-organizational as well as cross-functional in nature. Therefore, given the nature of the above project, the following experts are deemed critical to the success of the acquisition process. Program Manager (PM) The acquisition process only succeeds or fails from efforts, skills, and knowledge of the PM. This is a professional whose shoulders hold the entire work-process of acquisition, and the direction the PM takes will greatly define the success, failure or progress of the project
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This research aims to evaluate and present the main objective of a team that is to work collectively and courteously so as to convene the needs of the customers for the purpose of achievement of the goals. Functioning in teams helps to build synergy among the members, as a result, the work can be performed with full competency and effectiveness.
Similarly, the operations of the players in the business industry also include procurement of goods and services. In the normal business operations, the procurement procedures are extensive and the involved parties may incur huge losses especially if it does not involve large quantities supplies.
Simplified acquisitions are procedures that govern the purchasing abilities and capacities of the government (GAO, 2003, p.2). The term also refers to the expedition of the evaluation and selection procedures that support credentials to a minimum, also maintained and permitted by bureau officials.
: Acquisition Reform The Defense department is one of the major sectors in the United States. It is one of the largest consumers of the US budget. On the other hand, the economic aspects of the US depend on the defense actions of the country. The nation’s defense power is directly proportional to the economic performance of a nation.
In this way, Multinational Acquisitions can be seen as a way that firms seek to reduce risk. Yet, various complications arise when a multinational company acquires another multinational company (Ernst & Young, 1994, p. 212). Similarly, due to difference in culture, regulations, tax laws and policies complications arise.
The most efficient team work generally takes place when all the members involved in the group harmonize with each other in order to fulfill common goals and objectives for the organization in which they are working. In today’s world, teamwork has become very important constituent in the working culture.
His experience is quite expansive within the genre. But, during the overview of the current situation it was observed that John's intercepts on the entire IPO process are very fearful. He is afraid of the fact that the genre is completely new because of which the team members would not be able to help in the matter.
The acquisition process may involve what is known as a company takeover. This is usually fulfilled by acquiring adequate shares of the targeted company’s stocks to force a sale. There are very successful examples of acquisition strategies that
Upon joining a company, sometimes one is placed on a team of individuals who work together daily (Amy, 2004). Examples of such themes are Human Resources and the Marketing department. Within this purpose, there is an exact
Now, it is evident that there exists mutual dependency between the US military and the economic performance of this country (Dirk, 1994 p. 89). In this context, it becomes logical to evaluate the eminent relationship between them. Therefore,
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