'Competitive Bids vs Sealed Proposals Essay\r'

'The presidential term often aims subjugates to acquire needed products or redevelopments. either presidency purchase uses public funds. Contracting officials argon tasked with ensuring that government purchases use public funds responsibly. When honour packs, contracting officials moldiness be sure to use the best method possible to acquire goods and service at the best price possible.\r\nTwo ship canal in which contracting officials do this is by use tight likes and competitive proposals. Each form of award contracts has its own specific benefits and pitfalls while sharing somewhat characteristics with the other. Sealed bids are a form of award contracts that uses competitive bids and public opening of the sealed bids which leads to the final award of the contract. In order to award a contract through sealed bids, a few things must occur. First a solicitation for bids must be drafted. The solicitation must intromit the government’s requirements in a detailed full fashion to avoid misunderstandings from potential bidders.\r\nSealed instruction and competitive proposals are both approved methods for honour contracts according to federal regulation. When deciding whether or non to use sealed bidding, contracting officers should consider the eon that will be required for bids to be solicited, submitted, and evaluated. The evaluation process for sealed bids may be extended especially if bidders are non prescreened to reduce the kitty-cat to only qualified firms. When all bids are accepted from qualified firms, sealed bidding can launch an award decision quite simple. The lowest bidder is awarded the contract..\r\nUnfortunately, sealed bidding depends on competitive determine. Competitive pricing cannot be insured unless more than whiz bid is received. Competitive proposals are best used when a contracting officer determines that the nature of the contract makes it unenviable to establish exact specifications or methods of perfo rmance. Often, the means of contract performance cannot be easily defined and the offeror’s proposal may need to include an explanation of how the contract will be performed. dissimilar sealed bid contracts, competitive bids do not have to be awarded to the firm with the lowest price.\r\n new(prenominal) considerations may be considered to determine the best firm. This intent may be made based on a firm’s performance of preceding(prenominal) contracts, the proposed method of performance for the existing contract, or a firm’s specific capabilities in tattle to other firms. While sealed bidding results in a fixed price or one with economic adjustments, competitive proposals allow for various kinds of contract types. http://www. governmentbids. com/cgi/en/bidding. advice. articles/Article/federal-contract-opportunities-for-your-business\r\n'