Competitive Bids vs Sealed Proposals Essay

The governing often single-valued functions shortens to acquire needed products or services. Every government purchase uses public funds. Contracting officials ar tasked with ensuring that government purchases use public funds responsibly. When allocate contracts, contracting officials must(prenominal) be sure to use the best method possible to acquire goods and service at the best price possible.Two ship canal in which contracting officials do this is by using plastered receives and competitive proposals. Each form of apportion contracts has its own specific benefits and pitfalls while sharing some characteristics with the other. Sealed bids are a form of honour contracts that uses competitive bids and public opening of the sealed bids which leads to the final award of the contract. In order to award a contract through sealed bids, a few things must occur. First a solicitation for bids must be drafted. The solicitation must include the governments requirements in a detaile d plentiful fashion to avoid misunderstandings from potential bidders.Sealed bidding and competitive proposals are both approved methods for awarding contracts according to federal regulation. When deciding whether or not to use sealed bidding, contracting officers should consider the period that will be required for bids to be solicited, submitted, and evaluated. The evaluation process for sealed bids may be lengthy especially if bidders are not prescreened to reduce the pool to only qualified firms. When all bids are genuine from qualified firms, sealed bidding can make an award decision quite simple. The lowest bidder is awarded the contract..Unfortunately, sealed bidding depends on competitive pricing. Competitive pricing cannot be insured unless more than one bid is received. Competitive proposals are best used when a contracting officer determines that the nature of the contract makes it punishing to establish exact specifications or methods of performance. Often, the mea ns of contract performance cannot be easily defined and the offerors proposal may need to include an explanation of how the contract will be performed. irrelevant sealed bid contracts, competitive bids do not have to be awarded to the firm with the lowest price. new(prenominal) considerations may be considered to determine the best firm. This determination may be made based on a firms performance of previous contracts, the proposed method of performance for the existing contract, or a firms specific capabilities in relation to other firms. While sealed bidding results in a fixed price or one with economic adjustments, competitive proposals allow for various kinds of contract types. http//www. governmentbids. com/cgi/en/bidding. advice. articles/Article/federal-contract-opportunities-for-your-business