UMUC BMGT339 quiz 2

| November 29, 2016

Question
nstructions: Answer any two questions below. Your response must be at least 2 paragraphs for each question. Your total for both questions should be about two pages.
Each question is worth 50 points for a total of 100. There is no extra credit. Submit your answers in your Assignment Folder.

Please provide a substantive discussion and show your references.

Also, don’t forget to please put your name is in the header. Place your answers in the Assignment Folder.

1. Why is it important for the Buyer to identify and describe as many important technical, administrative, and financial details as possible in its solicitation?

2. Explain why a contracting officer wants a contractor to make a profit.

3. Why is it important to understand the limits of FAR “flowdown” clauses when subcontracting; what adjustments to flowdown clauses might a subcontractor expect to see or desire to see in its subcontract with a prime contractor?

4. When does the FAR say it is appropriate for you to use the ‘Seal Bid’ process? (FAR Part 14)

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