Explain Contract Cost and Documentation for the Navy

Based on the same scenario as in Assignments 1, 2, 3 and 4, you are now considering the final factors needed for your proposal based on RFP #123456789, dated 07/14/2014. Additional factors to consider are: The other local competitor has removed their name from consideration and has requested to become your companys sub-contractor due to your companys patent on the specialty coating. Your existing floor equipment is dated. However, you have learned that the Navy base has floor equipment which is not currently being used. Write a six to eight (6-8) page paper in which you: Determine the payment type (i.e., receiving progress payments, performance-based payments, or partial payments) you will use in your bid. Provide a rationale for your response. Determine the approach and the key terms that you would consider in requesting the use of the Navys floor equipment. Provide a rationale for your response. Propose the quality control and inspection procedures that you believe should be included in your proposal. Provide a rationale for your response. Determine, because of your companys private patent on the specialty floor coating, whether the Navy would or would not have a patent infringement objection for the use of the coating. Provide a rationale for your response. Determine the mechanism for contract closeout your company would use with the Navy.