Responding to a Solicitation- Contract Administration and Management Essay

Responding to a Solicitation- Contract Administration and Management - Essay Example ted copy of his or her commercial pricelist(s) along with the appropriate Special Item Number next to each item that is provided or offered (Stanberry, (2012). On top of this, the vendor must incorporate the Commercial Sales Practice Format (CSP-1), as well as provide or give details regarding his or her pricing history. Last but not least, the vendor must accord close attention to the prices incorporated in his or her submission, as well as be in the position and ready to negotiate his or her best offer for the government. Also, all services or products that are offered in his or her pricelist should actually be within the range of the solicitation on top of the specific Special Item Number being used. In conclusion, the vendor should take the time to comprehend all the requirements entailed in the solicitation (Stanberry, (2012). As well, once on contract, his or her company will be liable for sticking to all pertinent portions of the FAR. Responsibility –The vendor should have a healthy financial state. That is, his or her financial resources should be readily available as well as have a good record of performance in the past (Stanberry, (2012). Pricing Analysis as well as Review of Terms – the prices quoted should also be fair and reasonable, and should be accompanied with appropriate data that not only support but also explain the pricing