BUS 505 Assignment 2 Bid Strategy 1

BUS 505 Assignment 2 Bid Strategy 1 - BID STRATEGY 1...

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BID STRATEGY 1 RUNNING HEAD: BID STRATEGY Assignment 2: Bid Strategy Arla R. Payne Dr. Orlando Rivero Bus 505 November 2, 2014
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BID STRATEGY 2 Introduction This paper is based on the study of federal procurement opportunity’s and firm action plans to avail these opportunity’s. Payne Telecommunications is a federal agency which is required acquisition as a small woman owned business. As a team member of Payne Telecommunications , I am going to study the important future plans about federal procurement opportunity, bidding decision, bidding strategies, and risks in strategies and recommend important actions to mitigate these risks in order to attain the federal procurement opportunity. 1. Review the action plan from the first assignment and create a future plan that is consistent with federal procurement opportunity’s mission or strategic plan. In Federal agencies, the changing trend of spending in the workplace can be seen from past years. Federal agencies are getting more involved in acquiring diverse goods and services to achieve its program goals. As federal procurement opportunities and spending on contracting is increasing overtime Payne Telecommunications required multiple capabilities, research, development and other mixes of different skills necessary to provide services to the government. We planned to implement research and development (R&D) to more rapidly search for new opportunities in government sectors and adapt these skills that would be worthwhile to attain future government projects (Stoneham, Chaudhri & Strappazzon, 2003). Market research will be conducted to analyze the competitors in the market and to analyze the cost of expected projects. Next, the firm needs to hire skilled people in certain jobs
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