Online Custom «Government Contracts» Essay Sample
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Vectorcal Company Profile
Vectorcal Company was founded in the year 1967. It expanded and grew owing the management of Azworld carbopie. The Vectorcal Company focuses on the production of electronics. It is located in California and responsible for the supply of electronic products in the city. The company has three business partners employing experienced workers.
The company’s mission is to ensure that technology is well applied in providing security. Vectorcal tried o find a solution to all existing technological problems. The company has ever since assisted in solving many technical issues.
Vectorcal has 230 professional workers who assist in achieving the set goals. It has a low turnover of about 1.8. The company has particularly majored in the production of security tools such as trackers and space ships. Vectorcal Company has ever since had good working relations with Korea in terms of the supply of space ships and tracking devices.
The company deals with cost reimbursement contracts. In this regard, the company provides payment of allowable costs that are incurred to the other party as prescribed by the agreement. The agreement estimates that the total cost to enable the obligation of the funds and to put a ceiling above the contractor is not provided. Vectorcal also works with incentive contracts. Incentive contracts are those in which the required supplies and services can be accessed at lower prices.
The Vectorcal Company has spent a lot during the manufacture of the navigation system. Some of the costs are accurately traced to a cost object quickly and others are not easily determined. Direct costs that the company has incurred include the cost of materials used to put up the company which equaled to about 1.2 million dollars, the wages of every worker involved in the enterprise’s processes which estimate about 1.5million dollars a year and the cost of consultation. The indirect costs, on the other hand, include the amount of the directors’ salaries, the cost of office maintenance and the costs of selling and distributing the products to clients. Vectorcal has previously manufactured surveillance navigation devices for Apple Inc.
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Your Company Company Profile
Your Company was started in the year 1950 in New York. The company expanded and developed under the management of Cassie Nightingale. Your business deals with security providing security solutions. This company has been focused on finding a solution to all the security problems since the year 1950. Cassie Nightingale, who is a professional American marshal, helps the company to grow.
The company’s primary mission was to ensure that all the security problems are solved faster. It, therefore, majored on the crime scenes and provided prevention measures to avoid repetition of such acts. This was carried out with the help of high-security technology. Your company has always provided solutions to all the security problems in New York.
Your business employs 250 professional workers who assist in achieving the goals of the enterprise. It has a lower turnover of about 1.6. Your company particularly majors in the production of security equipment such as trackers and crime detectors.
The company deals with fixed-price contracts. These types of contracts ensure a firm price in specific cases, and the amount is adjustable. Here the contractor is also required to devote a specified level of effort over a period for a fixed exchange rate.
Your company has incurred many costs during the production of its navigation system. The model is directly traced to cost object while others are indirect. Direct costs that the company has incurred include the cost of materials used to put up the company which was about 1.8 million dollars and the wages of every worker involved in the enterprise’s processes which equal to about 2.4million dollars a year. This ensures the company’s stability as it requires carrying out its duties profitably. The indirect costs incurred include office costs, administrative costs such as director’s salaries and electricity bills. The indirect costs are necessary because if they are not estimated well, and this may result in underquoting. Your company has previously produced surveillance machines for the New York City Zoo.
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Factors that Led to the Companies Being Given Previous Contracts
There are several factors which the government and companies take into account before they give contracts to contractors (Cibinic, Nash, & Nagle, 2006). The factors include the degree of experience and capabilities of the companies, the knowledge base of the business, the financial status, the active policies, and the experience of the company as well as the type of contracts according to which the firm operates. Both of the companies were awarded their previous contracts as a result of the points mentioned above.
The experience and capabilities of the company determine whether the company qualifies for a contract or not (Nash, Schooner, & O'Brien, 1998). The skills and capacities are applied in the areas where the most experienced companies are given contracts. However, the firms with less experience are denied contracts because of the quality of products and services that the companies provide.
The financial status of the companies also determines the eligibility for government contracts. Businesses that are financially stable are readily given contracts by the government as they hardly fail to provide services when it comes to providing services (Nash et al., 1998). The companies with financial instability are however rarely given contracts as they might fail to provide the required services specified in the contract.
The company’s field of experience also determines their qualification to get a government contract (Reichelstein, 1992). If the government gives out contracts which major in the engineering field, it would prefer a company that has more experience in the area of design. Either way, when the government gives out construction contracts, it prefers a company which has majored in the construction field.
The company’s type of contracting activity also determines the eligibility for the contract (Nash et al., 1998). A company that uses a sound contracting policy is always eligible for the contracts from the government. However, the companies with poor contracting policies are under a risk of missing out government contracts.
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According to the companies’ profiles, Your Company is more eligible for the drone navigation technology tenders than Vectorcal. Your Company is highly qualified for this tender as it has more experience as compared to the Vectorcal Company. This is because according to the profiles, your company started earlier and had prospered all through the season. As the company started earlier, it might have more experience in its the given field and more knowledge in the security sector.
Your Company’s mission is mainly to provide security. Your Company's mission makes the company more eligible as it may have better technology for the production of drones. The company may produce high-quality drones as this is their mission according to the profile. The Vectorcal Company which may also have the capability of producing the drones but it’s not the main mission of their operation.
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Judging by the profiles, Your Company has got higher qualifications to get the tender as it has got a lower rate of turnover. A lower rate of turnover implies a higher productivity quality. As compared to the Vectorcal Company, which has a turnover of 1.8, Your Company has a lower turnover of 1.6. A lower rate of turnover indicates that Your firm produces high-quality goods hence they highly qualify.
Your Company also qualifies well because the company deals with fixed-price contracts. These types of contracts provide for a firm price in appropriate cases, and the amount is adjustable. Here the contractor is also required to devote a specified level of effort over a period for a fixed exchange rate. This is what makes them more hardworking as they devote a specified level of effort over a certain period. By contrast, the Vectorcal Company works with cost reimbursement types of contracts according to which the corporation caters for payment of the permissible costs that are incurred to the extent determined by the agreement. This type of contract establishes an estimate of total cost for the purpose of obligating the funds, while setting a ceiling above the contractor is not allowed. Vectorcal also deals with incentive contracts according to which required supplies and services are acquired at lower costs.
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Your Company highly qualifies to get the contract as it is financially stable compared to Vectorcal Company. According to the profiles, Your Company has incurred many costs during the production of its navigation system compared to Vectorcal Company. Some of the expenses incurred are directly traced to a cost object, while others are indirect. Direct costs that Your Company has incurred include the cost of materials used to put up the company which amounted to about 1.8million dollars compared to 1.2million dollars for Vectorcal Company. The wages of every worker involved in Your Company’s processes is about 2.4million dollars a year compared to 1.8million dollars for Vectorcal Company. The financial status ensures the stability of Your Company required for carrying out its duties efficiently.
The location of Your Company also determines the eligibility of the business to get the contract (Reichelstein, 1992). The leadership and administration of the business determine the ability and credibility of the firm to get the government contracts. According to Your Company’s profiles, the company was developed by a manager who had majored in the military fields. The aspect gives the company an upper hand to get the contract because the founder must have implemented the military culture in the company’s operations making the company military oriented.
The plans of the companies should also be considered (Reichelstein, 1992). According to Your Company, they should be able to provide solutions to all security problems and hence they highly qualify to produce drones as it is a security tool. It is true that factors affecting issuing of contracts include the degree of experience and capabilities of the companies, the knowledge base of the business, the financial status, the active policies, and the field of the company’s expertise as well as the type of contracts according to which the corporation operates (Reichelstein, 1992).
The experience and capabilities of the company determine whether an organization qualifies for a contract or not (Turpin, 1972). In this case the most experienced companies usually get contracts. However, the firms with less experience are denied contracts. The financial status of the companies also determines the eligibility for government contracts (Reichelstein, 1992). Enterprises that are financially stable are readily given contracts by the government as they provide required services quickly and smoothly. The companies with financial instability are however hardly ever given contracts as they might fail to provide the necessary facilities specified in the contract.
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The company’s field of experience also determines the qualification to get a government contract (Turpin, 1972). A contract is given to a group which has the highest level of experience in the specified areas. The company’s type of contracting activity also determines the eligibility for the contract.
A company that uses a sound contracting policy is always highly eligible for the contracts from the government. However, the companies with poor contracting policies are faced with a risk of missing out government contracts.
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