Assignment 4: Technical and Cost or Price Evaluations and Price Reasonableness

Assignment 4: Technical and Cost or Price Evaluations and Price ReasonablenessDue Week 8 and worth 130 pointsImagine that you are a government employee (or military personnel). You have received a proposal from a contractor for a two-billion-dollar ($2,000,000,000) project for the purchase of fifty (52) towers to be installed on the Arizona-Mexico border. Each tower will have radar, night vision, and day vision with 7.5- mile range. You have been appointed as the Chairman of the Source Selection Evaluation Team.Write a four to six (4-6) page paper in which you:1. Defend the purpose of technical evaluations in regard to:a. the importance of integrity and fairness.b. the factors used to determine the competitive range.(Dr. Vic’s Tips: you will want to revisit your work for Week 6 DB1, recall you reviewed Compton, Ch. 12 in its entirety and in particular, p.p. 141-143 on technical evaluations and fairness and p.p. 145-146 on competitive range).2. Create an outline of the final technical evaluation report. (Dr. Vic’s Tips: per Compton (2012, p.p. 142, 144), evaluations may be conducted in any manner, however they must be “…evaluated based on the evaluation criteria and the requirements set forth in the solicitation issued to the public”; thus based on your learned knowledge and information from Compton, p.p. 142-145 – particularly p. 145 and p.p. 153-154 including Exhibit 12-2 on p. 154, please create a minimum of a four level outline with subportions to the outline depicting appropriate technical evaluation factors from the assignment scenario.3. Determine the factors to consider when evaluating price reasonableness.(Dr. Vic’s Tips:Please define the main factor (which has two elements):“Fair and Reasonable” per Compton, p.p. 159-160. This factor is also the main reason to evaluate price reasonableness.4. Examine different methods of price analysis. Determine which price analysis method would fit best in this scenario. Support your reasoning. (Dr. Vic’s Tips:Please review the Price Analysis portion of Compton, Ch. 13, p.p. 169-173, and note that the FAR is cited [FAR 15.404-1(b)(2)] for seven suggested techniques and procedures for ensuring fair price analysis – please locate and list these seven and then you may concentrate your discussion on the two main suggested techniques reviewed on Compton, p.p. 170-171. Finally, make a determination, based on your research of techniques, which would best suit the assignment scenario).5.Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources. (Dr. Vic’s Tips: make sure your sources are scholarly and appropriate for graduate level work – your Compton textbook may be used as one source, and if you use the FAR, you may list it as another source).