Free Bidding For Dollars Essay Sample
Negotiated (RFP) Process refers to any non-sealed bidding procurement in which proposal and offers are made through a Request for written or oral proposals from viable suppliers. Negotiated Procurement has a closing date for RFP offers undergo a legal pricing structure that includes cost reimbursement while sealed bids only. On the contrary, sealed bids have an opening date for bids to be received and fixed-price agreements. Moreover, another difference between sealed bid and negotiated process is that the sealed process is open to the public since sealed process involves invitation for bid (IFB) in which competition is essential and enough time is available so that the awarding is based on the price and other price-related factors but discussion with bidders are not allowed since the procurement awarding is open, flexible and competition is key to deciding the winning sealed bid. Therefore, IFB must endeavor to provide the main needs and requirements of the buyer in order for the specifications to the considered when bidders arrive at the final price.Unlike the Negotiated Process that is private, IFB is advertised in public media like newspaper announcements and trade journals with an attached deadline since late orders are never considered. Sealed bids are received and read aloud in public on the opening day and from then on the bids are known as “abstracts of Offers” as defined under the Standard Form 1049 for further examination and analysis for mistakes before a responsible winner is decided upon after consultation. Usually, the lowest responsive bid wins as long as it contains a definite, qualified offer that meets the material terms as provided in the IFB.
Therefore for my case of bidding to install solar panels on roofs of a federal government office building, I believe that the Negotiated (RFP) Process is ideal since my company is well known for innovative solution. The reason for not choosing the sealed bid is because the IFB process is about the lowest prices regardless of the quality of work that usually adds up the price of procurement. Therefore, I prefer a competitive negotiation process that allows my company to present an evaluation of how $500,000 dollars can be used to creatively install the best solar facilities with guarantees in case of anything that is beyond the stated terms and conditions of awarding the contract. Once the CO has issued a Request for Proposals (RFP), about their need for solar installation and as an interested party I would submit my proposal based on how 500,000 dollars can transform the federal government business and technologically to make sure my company falls within the competitive range as a highly rated proposal. Since the government is after the best value than the price, am sure during the discussions, my price quotation can be arranged to favor both the government and my organization in a manner that will ultimately decrease the weakness of my bid over the rest of the competitors. Unlike the sealed bid, negotiated process allows my organization an opportunity to meet with the Contracting Officer for clarifications and discussions that can help my company gain a higher advantage over other bidders.