New Venture Planning Discussions:
Learning Activity/Discussion #1: "Contract Dynamics"
As per Module 7, Section 3, discuss the three main types of government and private sector contracts: time and materials, fixed price, and cost reimbursable, when they are applicable, and what are the advantages/disadvantages for each. As per your Business Plan, consider whether there is potential for obtaining such contracts, either on a primary or sub-contractual basis, and incorporate such information into your proposal.
Learning Activity #2
As per Module 6, Section 3, please refer to the following NY Times article, "Selling a Business Involves More Than Money" (July 15,2016) and comment as to sale/succession and exit strategy dynamics. You may provide personal experience as examples, as well.
Learning Activity/Discussion #3: "Entrepreneurs Find Ways to Give Back"
Community involvement and social responsibility, resulting in a positive reputation and "goodwill" as discussed in the beginning of the curriculum, are often critical to the success and long-term sustainability of a business enterprise.
The following article, "Despite Obstacles, Entrepreneurs Find Ways to Give Back", appeared in the September 15, 2010 "The New York Times".
Federal Contraction Discussions:
Learning Activity 1
Modifications allow the CO a broad range and ability to change a contract. What are some of the issues that a CO must consider to ensure that contract mod is "within scope"?
Learning Activity 2
Contract Modifications are used to make changes to the award. They come in two types- Bilateral and Unilateral. Discuss each type and the types of changes that are specific to each.
Learning Activity 3
What are some of the courses of action that a CO should consider before starting the termination of a contractor who is not performing well?
Learning Activity 4
Once a contractor is notified that their contract is being terminated what are some of the things they should do? How does the type of termination affect the contractor's options?