Assignment 5: Contract Cost and Documentation for the Navy

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Imagine that you are the owner of a small floor refinishing business
that provides a specialty coating product for ceramic tile and marble
floors. There is no other local flooring business that provides this
service. Having recently received a patent on your product, you are
ready to expand your business by competing for Navy contracts at the
local base, which is located a few miles away. The service you want to
sell is the specialty coating, the application of the coating, and a
regular maintenance schedule. Your company consists of you, one office
assistant, and two production employees. Please use “First Name, Last Name, Inc.” as the name of your company throughout these assignments.

Additional factors to consider are:

  1. The other local
    competitor has removed their name from consideration and has requested
    to become your company’s sub-contractor due to your company’s patent on
    the specialty coating.
  2. Your existing floor equipment is dated.
    However, you have learned that the Navy base has floor equipment which
    is not currently being used.

    Write a six to eight (6-8) page paper in which you:

    1. Determine the payment type (i.e., receiving progress payments,
      performance-based payments, or partial payments) you will use in your
      bid. Provide a rationale for your response.
    2. Determine the
      approach and the key terms that you would consider in requesting the use
      of the Navy’s floor equipment. Provide a rationale for your response.
    3. Propose
      the quality control and inspection procedures that you believe should
      be included in your proposal. Provide a rationale for your response.
    4. Determine,
      because of your company’s private patent on the specialty floor
      coating, whether the Navy would or would not have a patent infringement
      objection for the use of the coating. Provide a rationale for your
    5. Determine the mechanism for contract closeout your company would use with the Navy. Provide a rationale for your response.
    6. Use at least three (3) quality references Note: Wikipedia and other related websites do not qualify as academic resources.

    Your assignment must follow these formatting requirements:Be typed, double spaced, using Times New Roman font (size 12), with
    one-inch margins on all sides; citations and references must follow APA
    or school-specific format.

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