Contract Cost and Documentation for the NavyBased on the sam

Contract Cost and Documentation for the NavyBased on the same scenario as in Assignments 1, 2, 3 and 4, you are nowconsidering the final factors needed for your proposal based on RFP #123456789,dated 07/14/2014. Additional factors to consider are:The other local competitor has removed their name from consideration and hasrequested to become your company’s sub-contractor due to your company’s patenton the specialty coating.Your existing floor equipment is dated. However, you have learned that theNavy base has floor equipment which is not currently being used.Write a six to eight (6-8) page paper in which you: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.Determine the approach and the key terms that you would consider inrequesting the use of the Navy’s floor equipment. Provide a rationale for yourresponse.Propose the quality control and inspection procedures that you believeshould be included in your proposal. Provide a rationale for your response.Determine, because of your company’s private patent on the specialty floorcoating, whether the Navy would or would not have a patent infringementobjection for the use of the coating. Provide a rationale for yourresponse.Determine the mechanism for contract closeout your company would use withthe Navy. Provide a rationale for your response.Use at least three (3) quality references Note: Wikipedia and other relatedwebsites 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-inchmargins on all sides; citations and references must follow APA orschool-specific format. Check with your professor for any additionalinstructions.Include a cover page containing the title of the assignment, the student’sname, the professor’s name, the course title, and the date. The cover page andthe reference page are not included in the required assignment pagelength. The specific course learning outcomes associated with this assignmentare:Describe the nature of government contracting, including authority,responsibilities, and legal considerations.Outline and explain the process for developing competitive proposals andsource selection.Explain the process for administering and evaluating contractperformance. Explain the various mechanisms for contract closeout. Use technology and information resources to research issues in federalacquisition and contract management.Write clearly and concisely about federal acquisition and contractmanagement using proper writing mechanics.