(Answered) You are a contracts administrator for a contractor one of

Management Studies

You are a Contracts Administrator for a Contractor. One of your engineering managers found an inconsistency in the specification on a FFP solicitation (i.e., pre-award). He said the worst case could be a $3M loss for defaulting on the spec. You asked him what if the government modified the specs or the price after the award. He beamed, "My division will likely make $3M in profit!" Your CEO wants to win this one because it will lead to more orders from other agencies as well as commercial firms! What is your advice on how your firm should proceed?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M93118539
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

British environmentalist kate humble recently made the

British environmentalist Kate Humble recently made the following statement: "Everyone's going to hate me and call me a middle-class bitch but I'm past caring because I'm so incensed. Food waste is endemic but we don't va ...

Why is the term asymmetric information in order to

Why is the term asymmetric information in order to understand why some people are better informed than others, and the imbalance in information affects the choices they make and how they deal with one another?

When there is new management employees react in in a

When there is new management employees react in in a negative way sometimes,why? What can leaders do to avoid this skeptical reaction on the part of employees and ensure that the new vision/mission is embraced?

Explain why monopolistic competition earn only a normal

Explain why monopolistic competition earn only a normal profit in the long run.

How do you think diversity communication and organisational

How do you think diversity, communication and organisational structure could potentially constitute strong aspects of organisational culture? Why is it important for the manager to consider this relationship?

Give examples of how dominos has adapted its global

Give examples of how Domino's has adapted its global marketing mix to meet the needs of local consumers. Are you their customer? If so, why?

What is the benefit the beyond budgeting please also

What is the benefit the Beyond budgeting? Please also explain how each are used.

Identify stakeholder training requirements and needs from a

Identify stakeholder training requirements and needs from a knowledge system requires research. Give examples of methods you have used, or would consider using in the future, to assess client learning needs.

Explain the benefits of implementing a comprehensive job

Explain the benefits of implementing a comprehensive job evaluation process with clearly defined performance goals and metrics.

A stringmaybesplitintotwo substringsof equal

A string may be split into two substrings of equal lengths if the length of the string is an even integer. However, if the length of the string is odd, the length of the first half should be one less than the length of t ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert