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It is preferred to use a firm fixed type contract because its application is realistic. Parties get the opportunity to negotiate a firm target cost and profit that will ensure that the contractor obtains a reasonable share of the potential risk. In addition, the contractor will be liable for the undertakings of the contract considering that he or she assumes a reasonable share of the cost responsibility.
In the cost-reimbursement contract, the government retains the greatest risk for the contract. In addition, the government reimburses the contractor a reasonable amount of expenses plus the profit. On the other hand, the contractor accepts the greatest risk in the firm fixed type contract since a target cost and profit is set at the onset of the contract.
The main reason competition is preferred to sole-source contracts is the diversification of sources. In the sole-source contracts, there are limited number of sources; hence, minimal diversification. Such contracts are responsible for the inefficient allocation of resources or poorly designed contracts. On the other hand, open and competitive contracts are favored due to the diversity of sources that enhances resource allocation and well-established contracts that meet the interests of both the Federal Government and the American
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Government is the legal body that helps in maintaining law and order within the Country. In this stand, it further develops new strategies, which assist in development of various aspects of the economic development framework. The paper intends to provide a descriptive study showing the relationship between the government and the fast food chain industry.
ces offered include education, quality transport services, disabled services for children, discretionary services, pension services, consumer protection services (e.g. health services), maintaining cultural heritage, tourism and safety, environmental development and housing
This study looks at several aspects of fiscal policy, first it examines theory and empirical work on the effects of tax policy on economic activity, secondly, the study also implores on the main theoretical ideas and evidence on government debt sustainability, lastly, it looks at the main considerations that governments could/should take into consideration.
Calls for bankruptcy may stem out as a major reason as to why the government should regulate trading of derivatives. Financial markets are currently treating BP securities in such a way that a bankruptcy
As the lead negotiator for my company mandated to provide guidance to my negotiating team, during the session with the contracting officers of the Federal government, I will propose first, we research and gather information about our
The author states that the matching concept is another similarity between government and non-government organizations as it is mandatory for every organization to match their revenue with their expenditure for a specific time period. In other words, the system of double entry is implemented in all firms.
nment decides on what to produce, how much to produce, techniques to be used in the production process as well as the means of production to be applied (Kennedy, 2008).
One of the roles that the government plays in the economy is to ensure stability and growth. The government
These organizations, however, have the obligations and requirements to adhere to legal and ethical codes of operations in the climate of business arena. Other organizations also have their ethical principles and codes
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