Solicitation Essay Calvin Bowens
Contracting Solicitation Process
Calvin Bowens BMGT 482 Advance Federal Contracting
29 November 2014
Dr. Lisa Davis
Abstract
"A quotation is not an offer and, consequently, cannot be accepted by the Government to form a binding contract. Therefore, issuance by the Government of an order in response to a supplier 's quotation does not establish a contract. The order is an offer by the Government to the supplier to buy certain supplies or services upon specified terms and conditions. A contract is established when the supplier accepts the offer (Solicitation - ACQuipedia, 2014).”
When the government wants to buy a good or service, it issues a solicitation. Solicitations are documents that make the government’s requirements clear so that businesses can submit competitive bids. Request for Proposals (RFPs) are one type of solicitation; with rising competition, more and more organizations are using the RFPs to compare different vendors to evaluate the best available option. A solicitation is any request to submit offers or quotations to the Government. Solicitations under sealed bid procedures are called "invitations for bids." Solicitations under negotiated procedures are called "requests for proposals." Solicitations under simplified acquisition procedures may require submission of either a quotation or an offer (Solicitation - ACQuipedia, 2014).
The acquisition process begins with acquisition planning (requirements definition and funding); proceeds to solicitation, source selection, and award; and then proceeds to contract administration, which results in performance/deliveries. Upon acceptance of the supply or service the acquisition process concludes with invoicing, payment, and closeout (Acquisition Process - ACC, 2014).
Acquisition is a process that requires teamwork with each individual and/or group working together to ensure that the customer is provided the greatest overall benefit in response to their requirements (best value). Acquisition
Calvin Bowens BMGT 482 Advance Federal Contracting
29 November 2014
Dr. Lisa Davis
Abstract
"A quotation is not an offer and, consequently, cannot be accepted by the Government to form a binding contract. Therefore, issuance by the Government of an order in response to a supplier 's quotation does not establish a contract. The order is an offer by the Government to the supplier to buy certain supplies or services upon specified terms and conditions. A contract is established when the supplier accepts the offer (Solicitation - ACQuipedia, 2014).”
When the government wants to buy a good or service, it issues a solicitation. Solicitations are documents that make the government’s requirements clear so that businesses can submit competitive bids. Request for Proposals (RFPs) are one type of solicitation; with rising competition, more and more organizations are using the RFPs to compare different vendors to evaluate the best available option. A solicitation is any request to submit offers or quotations to the Government. Solicitations under sealed bid procedures are called "invitations for bids." Solicitations under negotiated procedures are called "requests for proposals." Solicitations under simplified acquisition procedures may require submission of either a quotation or an offer (Solicitation - ACQuipedia, 2014).
The acquisition process begins with acquisition planning (requirements definition and funding); proceeds to solicitation, source selection, and award; and then proceeds to contract administration, which results in performance/deliveries. Upon acceptance of the supply or service the acquisition process concludes with invoicing, payment, and closeout (Acquisition Process - ACC, 2014).
Acquisition is a process that requires teamwork with each individual and/or group working together to ensure that the customer is provided the greatest overall benefit in response to their requirements (best value). Acquisition
References: ACQuipedia. (2014, 11 06). Retrieved from ACQuipedia - Progress Payments: https://dap.dau.mil/acquipedia/Pages/ArticleDetails.aspx?aid=6357ed4f-b92b-49c5-b146-9d05db49fdb8 Acquisition Process - ACC. (2014, 11 16). Retrieved from Acquisition Community Connection: https://acc.dau.mil/communitybrowser.aspx?id=526609 Federal Acquisition Regulation. (2005, March). Retrieved from Acquisition Central: https://acquisition.gov/far/90-34/pdf/43.pdf Appendix Figure 1 – Contracting Process 8 Figure 2 - Acquisition Process Overview 9