(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?

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