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“Price Analysis versus Cost Analysis”

“Price Analysis versus Cost Analysis”
1)Compare and contrast price analysis versus cost analysis, explain how they differ, and describe when it is appropriate to use price analysis versus cost analysis. Select one of the two methods and determine under what condition(s) it would not be appropriate for use. If you believe that the methods apply to any circumstance, justify your response.
2)Explain the importance of these two types of analysis in the context of government contracts. Provide an example of how each is clearly used.
“Award Fee Contracts” :
3)From the e-Activity, discuss whether or not the agencies mentioned took any actions that reflected the suggestions provided by the Office of Management and Budget. If you think actions were taken, state what actions were taken and explain why those actions were taken. If you think no actions were taken, analyze why no action was taken and whether action should have been taken under the circumstances. Justify your response.
4)Discuss whether contractors provide better work with an award fee. Include in your discussion on whether or not they are incentivized by the better profit potential of an award-fee contract. Support your position with an example.
“Excusable Delays” :
5)From the first e-Activity, identify the remedies of excusable delay. Analyze which remedies are appropriate and effective and which remedies are not. Justify your analysis. Then, select an ineffective remedy and make a recommendation to mitigate the associated issue(s).
6)From the first e-Activity, give your opinion as to whether any of the four transportation construction projects in the table would be able to legitimately rely on ?excusable delay.? Explain the key reason why reliance on excusable delay in these cases would or should be considered legitimate.
“Deepwater Program” :
7)From the second and third e-Activities, analyze whether the Coast Guard?s management and execution of the program was a cause or a symptom of the cost overruns and resulting delays of the Deepwater program. Support your position.
8)Identify and discuss the key factors that contributed to the cost overruns in the situation in Part 1 of this discussion. Suggest the strategies you would employ to avoid such cost overruns. Support your suggestion.
“Contract Modifications” :
9)Give your opinion as to whether the procedures in government contracting provide a foolproof method of ensuring that all parties receive adequate notice of changes to a contract. Explain whether the contract modification methods available are effective in providing notice to all parties of a contract change.
10)Suggest alternative procedures that would be necessary and effective in providing notice of a contract change to all parties. Provide a rationale to support your suggestion.
“Bilateral versus Unilateral Changes” :
11)Imagine you are administering a construction contract. The contracting officer informs you that there is a conflict over the interpretation of one of the architectural drawings / elements as displayed in the contract drawings. The contracting officer relates that no further work can be performed on the contract until the dispute is resolved. As the contract administrator, determine which modification type (bilateral or unilateral) should be used to suspend work until the dispute is resolved and explain why.
12)Compare and contrast bilateral modification and unilateral modification. Provide an example or scenario of each that clearly demonstrates how each modification type is used.
“Protests, Disputes, and Appeals” :
13)From the first e-Activity, outline the requirements for the Court of Federal Claims to hear a complaint. Analyze why each element of the requirements is an independently critical component of a successful claim.
14)Evaluate the requirements for the Court of Federal Claims to hear a complaint and give your opinion on which requirements are justified, which are not, and which additional requirements would be advisable. Explain what, in your opinion, makes these requirements justifiable or not justifiable.
“Contract Termination Liability Risk” :
15)From the second e-Activity, evaluate the recommendations the GAO makes to reinforce consistency in contract termination practices in terms of the recommendations? effectiveness. Determine which recommendations will work best if properly implemented. Support your response.
16)Propose at least one alternative recommendation to reinforce consistency in contract termination practices. Provide a rationale for your recommendation.

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