Assignment 1 Rule of the Road
Latifa Sanchez
Professor Antoinette Bridges
BUS 330: Contract Administration and Management
October 21, 2017
The federal acquisitions act champions and promote small businesses over large multinational organizations because small-businesses are leaders in innovation and drivers of the economy. Whereas, larger well developed multinational corporations are already established and production oriented. Small-businesses also accounts for 55% of changes and creates three out of every four new private sector jobs that employ about half of all American workers (Stansberry, 2012). With the Federal government providing small business contracting opportunities the federal government finds them self in a “win-win” situation. By doing business with the federal government, small-businesses receive the revenue needed to maintain and create new jobs. The federal agencies, in turn, receives the creativity and technical
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In addition, the HCA establish the system for selecting, appointing, and terminating contracting officers. (Stansberry, 2012)
Contracting Officer (CO) – The contracting officer may bind the government to the degree of the authority delegated. Also, the contracting officer make certain everyone is in compliance with the provisions of the contract and look after the interest of the government in the contractual relationship. In addition, the CO ensures that all pertinent requirements of the contract is within perimeters. (Stansberry, 2012).
Procuring Contract Officer (PCO) – The procuring contract officer is responsible for issuing solicitations, accepting bids and proposals, and making the original award to the contract. The PCO is your contact if there is a problem with solicitation before award. (Stansberry,