Explain the major activities of a procurement and explain how to synchronize procurement administrative lead time with budgetary planning and execution. Highlight differences between competitive and non-competitive procurements. In addition, explain difference between best-value trade-off and lowest-price technically acceptable source selection schemes. Also, explain the importance and interdependence of Section C, L, and M of an RFP (Request for Proposal).
With the importance of MS B and C RFP decision points, explain the importance of the business strategy and contracting approach to the acquisition strategy and how to link the contracting approach, contract incentive structure, source selection criteria, technical data rights/management, and product support considerations holistically connected to achieve the goals of the RFP and program as well as to help facilitate knowledge points and risk mitigation.
Prepare a 4 – 5 page report addressing the questions above. Title: The Importance of Contract Ownership and Planning