Abstract
William Midgette Inc. Company deals with the supply of coating products for marble floors and ceramic tiles. The company intends to expand its business upon its reception of a patent by competing for a Navy contract. Part of the company’s expansion plan includes coating application, specialty coating, and a regular maintenance timetable. The paper aims at developing an acquisition and planning formula for obtaining a contract and how electronic contracting programs such as SmartPay would assist William Midgette Inc. and the Navy.
Acquisition and Planning Strategy for Obtaining a Contract by William Midgette Inc.
FAR, or Federal Acquisition Regulation, requires businesses to perform acquisition planning and research on the market for assets. The purchase strategy identifies and explains the approach followed by program administrators in managing risks and meeting goals (Eom et al., 2019). William Midgette Inc.’s acquisition and planning strategy act as a blueprint for acquiring part of the contract and future investment cycle throughout its business.
Statement of Need
William Midgette Inc. has visionary leadership and structure that steers its mission and vision. Most business premises and real estate owners continue to order and use coating products for their ceramic tiles and marble floors across the country. The company produces some of the best and good-quality coating products with a range of colors for aesthetic purposes at the cost of $25 per 5 liters (Tyms, 2017). The quantity (5 liters) can coat seven square-sized ceramic tiles, denoting that the Navy base would save extra dollars upon purchase.
Sources
The company ensures that each coating material conforms to the requirements and standards of the market. The products are also made to adhere to health, safety, and environmental concerns and improve material sustainability.
Selection of the Contract Type
Williams Midgette Inc. Company intends to have a Firm-Fixed Price type of contract with the Navy. The variety of coating materials shall be at a fixed price because of the stable market condition and intended timely delivery.
Applicable Conditions
The recent reception of a patent by the company remains a significant boost towards acquiring the contract. William Midgette Inc. has received attention from various homeowners and real estate investors for its excellent product provision.
Acquisition Considerations and Logistics
The company takes advantage of the short distance between its location and the Navy base premises. Timely delivery of its products remains one of its objectives in meeting clients’ needs.
How Using SmartPay Program in Electronic Contracting Can Assist Both William Midgette Inc. and the Navy
The GSA SmartPay payment solutions allow the Navy to effectively purchase products from William Midgette Inc. in support of their objectives in terms of architectural construction. The Navy would also spend fewer funds on the purchase, unlike in the traditional processing program based on paper (“GSA SmartPay Benefits,” n.d.). It would also work towards the realization of administrative saving costs. SmartPay would as well provide an efficient solution for the payment of services by the Navy to the company.
The payment solution would provide a streamlined process of the transaction and increase accountability. The method provides a more effective way of monitoring transactions and identifying fraud, abuse, and waste, hence providing an avenue for transparency. SmartPay would also give a more reliable solution for efficient payment to William Midgette Inc., enabling the Navy to have access to a program that promotes transparency.
References
Eom, J., Huddleston, M., & Bing, J. (2019). Comparison of acquisition efficiency on subsistence contract management between the US and Japan [PDF document]. Web.
GSA SmartPay benefits. (n.d.). GSA SmartPay. 2020, Web.
Tyms, D. A. (2017). Strategies of small business owners to acquire federal government contracts [Doctoral dissertation, Walden University]. ScholarWorks.