You also find out through a reliable source that a local competitor has also received an RFP for a similar type of product and service. Because of this, you will be required to negotiate the contract and will need to consider the contract specifics.InstructionsWrite a 3–4 page paper in which you do the following:Suggest three ways in which the basic concepts of the Federal Acquisition Regulation (FAR) policy would mutually benefit your small business and the Navy.Determine the method that you will use for solicitation of a bid. Next, explain why the Navy is likely to choose your company in the sealed-bidding process.
