Government Acquisition

In: Business and Management

Submitted By plum4004
Words 296
Pages 2
1. Describe the three levels of competition permitted under the Competition in Contracting Act (CICA). Give an example of each.

a) Full and open competition
b) Full and open competition after exclusion of sources
c) Other than full and open competition

a. Full and open competition;
Full and open competition means that all responsible sources are permitted to submit sealed bids or competitive proposals on the procurement. It is the preferred form of contracting and includes contracting by sealed bids, negotiation, and other procedures. Example: b. Full and open competition after exclusion of sources
Full and open competition after exclusion of one or more sources is used when the U.S. Government excludes certain potential sources from consideration for a contract in order to establish or maintain alternative sources c. Other than full and open competition
Under this method, a bid or proposal is solicited from one, or very few, sources. Detailed justification and approvals are required to document the choice of other than full and open competition as a means of acquisition. Example: The Department of Homeland Security, Office of Procurement Operations, proposes to enter into a contract on a basis other than full and open competition. DHS has a requirement on a sole source basis to upgrade and maintain proprietary software at an estimated cost of $7,550,000. List the name and address of the proposed contractor(s).

2. What is meant by the term “ratification” of a contract action? Who has the authority to ratify and give an example where ratification might be appropriate.

Ratification means the execution by an authorized Contracting Officer, of a document retroactively formalizing a contract action of an individual who acted without contracting authority or a Contracting Officer who acted beyond his or her delegated…...

Similar Documents

Land Acquisition

...Draft for Discussion THE DRAFT NATIONAL LAND ACQUISITION AND REHABILITATION & RESETTLEMENT BILL, 2011 I. Foreword II. Overview of the Draft Bill III. Text of the Draft Bill Ministry of Rural Development Government of India July 27th 2011 I. FOREWORD Infrastructure across the country must expand rapidly. Industrialisation, especially based on manufacturing has also to accelerate. Urbanisation is inevitable. Land is an essential requirement for all these processes. Government also needs to acquire land for a variety of public purposes. In every case, land acquisition must take place in a manner that fully protects the interests of land-owners and also of those whose livelihoods depend on the land being acquired. Under our Constitution, land is a State subject but land acquisition is a Concurrent subject. So far, the basic law governing the land acquisition process has been the Land Acquisition Act, 1894. Although it has been amended from time to time, it is painfully evident that the basic law has become archaic. Land markets in India are imperfect. There is asymmetry of power (and information) between those wanting to acquire the land and those whose lands are being acquired. That is why there has to be a role for the government to put in place a transparent and flexible set of rules and regulations and to ensure its enforcement. Land Acquisition and Rehabilitation and Resettlement (R&R) need to be seen necessarily as two sides of the same coin. R&R must always, in......

Words: 18767 - Pages: 76

Land Acquisition

...Bill for land gives true value The draft law on acquisition strikes a balance between development and justice for those who will be displaced in the process India is a rapidly industrialising economy and society with intense demands for better infrastructure from its people. The last 20 years have seen a great acceleration in this process, with India becoming one of the world’s fastest growing economies. However, for those whose lands were acquired for these purposes and the even more vulnerable people whose livelihoods depended on the lands acquired, a great human tragedy has unfolded. Independent estimates place the number of people displaced following development projects in India since independence at 60 million. This is the highest number of people uprooted for development projects in the world. Only a third of these people were resettled in a planned manner. Most of them were the asset-less rural poor, marginal farmers, poor fisherfolk and quarry workers. Around 60 per cent of the displaced belonged to the Adivasi and Dalit communities. Given that 90 per cent of our coal, more than 50 per cent of minerals and most prospective dam sites are in Adivasi regions, there is likely to be continuing contention over issues of land acquisition in these areas. Two sides of a coin We need to move decisively away from the colonial Land Acquisition Act 1894, which treats the Indian people as “subjects,” towards a vision of citizens, whose rights are guaranteed under the......

Words: 1531 - Pages: 7

Acquisition Planning

... Acquisition Planning Kirby Washington Professor Phil Campos July 31, 2011 Government Contract Law LEG 505 Abstract Acquisition planning is very important in providing the government with the best supplies and services. There are six phases in the government acquisition process. Those six steps are requirements determination, acquisition planning, negotiation, contract award, and performance after contract award, and contract close out (Engelbeck, 2002, pg. 77). Acquisition planning involves determining what to purchase and when. Acquisition planning is designed to coordinate effectively the efforts of all personnel responsible for the multi-faceted aspects of procuring supplies and services. The purpose of this paper is to (1) determine if a requirement can or is required to be contracted for using other than full and open competition, (2) determine if the agency has satisfied the requirements in deciding to “make or buy the items/services they require”, and (3) determine if that portion of the contract text is ambiguous and if so, explain why or why not. Given a situation of a federal agency with a requirement, determine if that requirement can or is required to be contracted for using other than full and open competition. Cite the authorization and provide the rationale/requirement for using that method. Acquisition planning process demands teamwork. The procurement plan should contain all applicable technical, contracting, fiscal, business, and program/project...

Words: 1202 - Pages: 5

Acquisitions

...Premier Dairies | Presentation to Shareholders: Acquisition of Lagos Dairies | | MBA 1 – 2014: Business Management Group 3 4-18-2014 | Introduction Since its inception in 1957, Premier Dairies has been supplying a variety of quality and nutritious milk products thus becoming a household brand name in Southern Africa. The company is listed on the Johannesburg Stock Exchange with a market capitalisation of R 1.5 billion and a price earnings ratio of 20:1, thus reflecting strong growth expectations. However, as consumers are exposed to a weak rand, rising interest rates and high fuel prices coupled with high food inflation, the environment does not bode well for sustained sales volume during the remainder of the year. Furthermore, farm gate milk prices have increased 8.9% in the last quarter which will have to be recovered through further selling price increases, invariably putting extra strain on sales volumes (IOL, 2014). Strategy As a result, the management of Premier Dairies has decided to expand their market share via a cross border acquisition of Lagos Dairies based in Nigeria. Lagos Dairies is a listed company with a market value of R 250 million and a price earnings ratio of 5:1. This acquisition will be financed via an all share offer coupled with an extensive growth and remodelling strategy so as to achieve a post-acquisition price earnings ratio of 20:1 or more for the combined entities. This can be achieved by creating operating synergies from the......

Words: 1350 - Pages: 6

Mergers and Acquisitions

...Mergers and Acquisitions Tasha Powers Dr. Michael Laverty Business 508 – Contemporary Business November 17, 2014 A merger or acquisition is a combination of two companies where one corporation is completely absorbed by another corporation. The less essential company loses its identity and becomes part of the more imperative corporation, which retains its identity. A merger extinguishes the merged corporation, and the surviving corporation assumes all the rights, privileges, and liabilities of the merged corporation (Gomes, 2011). A merger is not the same as a consolidation, in which two corporations lose their separate identities and unite to form a completely new corporation. Federal and state laws regulate mergers and acquisitions. Regulation is based on the concern that mergers inevitably eliminate competition between the merging firms (Helms, 1996). This concern is most delicate where the participants are direct rivals, because courts often presume that such arrangements are more prone to restrict output and to increase prices. The fear that mergers and acquisitions reduce competition has meant that the government carefully scrutinizes proposed mergers. On the other hand, since the 1980s, the federal government has become less aggressive in seeking the prevention of mergers (Gomes, 2011). Mergers appear in three forms, based on the competitive relationships between the merging parties. In a......

Words: 1084 - Pages: 5

Government Acquisitions

...Written Assignment 1 Bruce Hollis BUS 501 Government Acquisitions Strayer University 1. What actions would take in the planning process? Explain how you would go about developing the statement of need? Give examples of the information required and factors to be considered. Acquisition planning is a comprehensive plan coordinating the efforts of all parties responsible for the program in fulfilling the agency’s need in a timely manner, and at a reasonable cost. Since a program typically involves the efforts of many people and usually results in one or more contractual actions, an acquisition plan will guide the work of many people through one or more contractual actions. The plan shall address all the technical, business, management, and other significant considerations that will control the program throughout the investment life cycle. The plan shall be brief but comprehensive (Engel beck, 2002). I would ensure that all other considerations that influence the acquisition decision, such as which items are to be developed or produced in-house and which procured from outside the immediate organization. I would ensure the process demanded teamwork and that all responsible elements involved developed, coordinated, and integrated their prescribed body of knowledge into a comprehensive acquisition plan (i.e. Logistics, engineering, production, etc…). In order to develop the statement of need, mission needs result from the need to develop a capability, to improve an......

Words: 1147 - Pages: 5

Merger and Acquisitions

...The Rise of Emerging Markets in Mergers and Acquisitions Developing countries are gaining strength and influence T he rise in the number of mergers over the past five years has been dramatic. Unlike previous merger waves, however, companies in emerging markets are playing an increasingly important role. Indeed, while the number of majority acquisitions increased globally by 6 percent, acquisitions of established companies by emerging firms grew at an annual rate of 26 percent. Although their motives differ from traditional M&A activity, it is clear that, in the near term, emerging competitors present a potential threat to companies in developed countries. Mergers and acquisitions have become a staple of newspaper headlines. Although most M&A activity is initiated by companies in the developed world, a recent A.T. Kearney study of global M&A reveals that a paradigm shift is occurring: Beginning in 2002, deals between developing and developed countries grew at an annual rate of 19 percent— far in excess of the industry average and four times faster than deals conducted within either developing or developed countries alone (see figure 1 on page 2). While not large in absolute terms, this rate of growth indicates how rapidly the developing world is catching up in the M&A business. In fact, the study found that companies from developing countries such as China, India, Malaysia, Russia, the United Arab Emirates and South Africa are snapping up......

Words: 3962 - Pages: 16

Merge and Acquisition

...Strengths and Weaknesses of FV Acct vs Amortized Cost Acct -Mergers: Exchange of shares, often occur between companies of relatively equal size Acquisition: Purchase a controlling number of the target shares directly from the shareholders in exchange of cash/shares -M&A 1. Worldwide economy uncertainty • The availability of credit, the regulatory environment, government deficits, sovereign debt crisis, conflicts in the Middle East, oil prices, currency conflicts and governmental austerity 2.Trends: • Down-sizing and cost-cutting during the economic downturn----Stockpile cash • The sale of portfolio companies owned by private equity interests -Motives for M&A • Desire to profit from opportunities represented by attractive target valuation • Diversify risk - Reduce earnings volatility and increase value • Achieve operating synergies-economies of scale, pricing power, higher growth, new markets • Financial synergies- increase debt capacity, tax benefits, reduce cost of capital -M&A Pitfalls • Sellers benefit disproportionately • Acquirers fail to cover cost of capital, resulting in dilution of shareholders value; higher price Overoptimistic appraisal, overestimated synergies, overlooked problems, overbidding ACCT Standard for Business Combination 1. Purchase Method-True economic substance • Assumption: one entity acquired another for cash or combination of cash and securities • Recognition of acquired......

Words: 630 - Pages: 3

Acquisition

... Solutions for Homework ** Accounting 311 Cost ** CHAPTER 1 1-1 Management accounting measures, analyzes and reports financial and nonfinancial information that helps managers make decisions to fulfill the goals of an organization. It focuses on internal reporting and is not restricted by generally accepted accounting principles (GAAP). Financial accounting focuses on reporting to external parties such as investors, government agencies, and banks. It measures and records business transactions and provides financial statements that are based on generally accepted accounting principles (GAAP). Other differences include (1) management accounting emphasizes the future (not the past), and (2) management accounting influences the behavior of managers and other employees (rather than primarily reporting economic events). 1-2 Financial accounting is constrained by generally accepted accounting principles. Management accounting is not restricted to these principles. The result is that: • management accounting allows managers to charge interest on owners’ capital to help judge a division’s performance, even though such a charge is not allowed under GAAP, • management accounting can include assets or liabilities (such as “brand names” developed internally) not recognized under GAAP, and • management accounting can use asset or liability measurement rules (such as present values or resale prices) not permitted under GAAP. 1-5 Supply chain describes the flow of goods, services...

Words: 33549 - Pages: 135

Government Acquisition

...Assessment 1 Government Acquisition January 31, 2010 The first action in the planning process for a major procurement such as a Contracting Writing system is to determine the requirements of the procurement. Engelbeck( 2002), states “It is a fundamental policy that all government requirements are based on a need that is tied to a mission.” FAR 7.105 lists the requirements of a written acquisition plan and states, in part: “Introduce the plan by a brief statement of need. Summarize the technical and contractual history of the acquisition. Discuss feasible acquisition alternatives, the impact of prior acquisitions on those alternatives, and any related in-house effort.” In this case, the need is to improve an existing capability within the Department of Agriculture, since they already write proposals and contract to support agency needs. The technical history of the acquisition would consist of information about how the need was identified and why the procurement is needed. For example, perhaps a review of the contracting system at the Department of Agriculture suggested that overall contracting costs could be reduced by automating the proposal and contract writing function. The statement of need would also contain information about any alternatives considered and explain why this acquisition was selected to fill the need. Since the Department of Agriculture is currently writing contracts and proposals, the acquisition team can review the system being used......

Words: 1189 - Pages: 5

Mergers & Acquisitions

...4. Egyptian Case Studies Azza El-Shinnawy and Heba Handoussa INTRODUCTION This chapter presents three cases of recent foreign investment in Egypt. In the case of the Egyptian Company for Mobile Services (MobiNil), an international consortium takes over a state-run mobile phone service, and modernises its operations in a rapidly growing and transforming market. The local partner subsequently becomes a regional player in Africa and the Middle East. Glaxo Smith Kline, a leading pharmaceutical firm, expands in Egypt through multiple acquisitions, while the parent firm itself is subject to M&A at a global level. The leading-brand ketchup manufacturer Heinz has established a production facility for the Middle East jointly with a Kuwaiti multinational specialising in being the local partner for foreign fast-food chains throughout the Arab countries. THE EGYPTIAN COMPANY FOR MOBILE SERVICES (MOBINIL) Introduction Mobile telephony is capturing an increasing share of global telecommunications services, accounting for 23 per cent of global telecommunications revenues (up from 3 per cent in 1990). Mobile telephony is one of the high growth market segments of the Egyptian telecommunications sector, having outpaced the growth of fixed-line telephony, which currently stands at 7.5 million lines, growing at a compound annual growth rate (CAGR) of approximately 14.6 per cent during the period 1995/2000, compared with the staggering CAGR of 169 per cent for mobile......

Words: 14890 - Pages: 60

Acquisitions Team

...The Acquisitions Team Government Acquisitions Introduction The United States government uses government acquisitions to bridge the gap between current workforce and the need for follow on service. After the actions that transpired on September 11, 2001, the call for contractors has increased in many realms throughout the United States government. The need for additional security forces in Iraq and Afghanistan, have opened the door for many companies, like Blackwater and Triple Canopy, to bid and receive many million dollar contracts to pick up the slack for the United States military and government. These ventures, though provided a very lucrative future for the companies, have not always worked out in the best interest of the company or the United States government. For example, in 2007 Blackwater employees were involved in a shooting in Baghdad that claimed the life of 17 Iraqis. An investigation by the United States government concluded that the Blackwater employees were liable for the deaths and subsequently Blackwater lost a portion of the security contract. As horrible as this incident is, is the contractor liable for the deaths, but more importantly can the issues be traced back to the initial phases of the contract? Did the acquisition team miss the mark when they sent out the proposal for the contract? These are answers that were more than likely answered when the investigation occurred into this incident, but it strikes a very important question. ......

Words: 1480 - Pages: 6

Acquisition Strategy

...Assume you own a small company that makes widgets. Carefully review the federal government acquisition process and determine how you would best position yourself long before you placed your first government bid. If my small company wanted to get into the federal government acquisition process the company would need to position itself in order to be successful before doing so. Because, federal procurement is a big and complicated process my company would need to create an acquisition/procurement department. Human resources would hire or select key individuals to attend acquisition and procurement training. There are a lot of rules and regulations that must be learned and understood before any bids can be made. Secondly, a detailed operation performance checklist must be created in order to evaluate current and past performance. The purpose of evaluating the operations performance is to have a true assessment of the company’s capabilities both strengths and weaknesses. Next the newly created acquisition/procurement team would register the company with GSA and FBO to look at and observe pass bid performances and learn from them to grasp understanding in the area. The entire preparation would take anywhere between 3 to 9 months before biding on the first contract. Reference: Osborne, Steve R., (2011) “Winning Government Business: Gaining The Competitive Advantage With Effective Proposals”, 2nd Edition (2011) Analyze the elements of both the technical evaluation......

Words: 429 - Pages: 2

Mergers and Acquisitions

...Mergers and Acquisitions Mergers and acquisitions have been taking place since World War I, there is a lot of history to why they came about and the changes in regulation as the application of it has progressed. Many companies end because of a merger or acquisition while other companies become market powers because of a merger. Mergers and acquisitions occur for a variety of reasons and there are a number of ways that it can be carried out. Understanding what makes a company successful or unsuccessful can help one understand why a company merges with another company or acquires another company. One must also understand what contributes to making a merger or acquisition a success or a failure. There are many things that keep a company successful. The corporate culture is very important as well as the geographical place that it is in. The people who run it, both upper management and lower management, can also make or break a business. When one of these aspects goes wrong and the company is going down hill a merger or acquisition is a big possibility. In many instances it is the only thing that can save the life of a business. A merger is defined as two firms whom are usually the same size that agree to join as one company that is operated and owned as one (investopedia.com). It is a combination of two companies to create a new company. All of the assets and liabilities of the companies are shared by the one company that is formed. An acquisition is......

Words: 1589 - Pages: 7

Mergers & Acquisition

...Report Outline Government regulation over business mergers and acquisitions Introduction 1. Should the government regulate mergers and acquisitions more carefully? 2. Purpose of the Study 3. Scope of Study 4. Method and Procedures Analysis 1. Positive opinions 2. Negative opinions 3. Government action Summary, Conclusion, and Recommendation 1. Summary 2. Conclusion 3. Recommendation Government regulation over business mergers and acquisitions Prepared for Anne Joiner English Professor Central Washington University Prepared by Diep Chu July 18, 2012 To: Senator Joseph Smith From: Diep Chu Date: July 18, 2012 Subject: Government regulation over business mergers and acquisitions I submit the accompanying report, authorized by Anne Joiner, English Professor at Central Washington University, Des Moines, on the research of mergers and acquisitions in market. Available literature and government Web sites were examined in order to answer the question: Should the government regulate mergers and acquisitions more carefully? The report employed secondary research using electronic sources of scholarly articles, government publications, and companies’ articles through the Internet due to the research time and funding limitation. All research was conducted in mid-July, 2012. This research project has been a fantastic experience for me when I get to know more details about the popular issue currently happen in......

Words: 2406 - Pages: 10