Assignment 1: Sealed Bids vs. Competitive Proposals
Howard Dingle
William La Salle
BUS 315- Cost and Price Analysis
10-28-12

Abstract In order to compare and contrast Competitive Contracts and Sealed Bidding Contracts, I have to define each term. After defining the terms I have to explain which contract I think is the most valued contract alternative.

Write a 1-2 page paper in which you compare and contrast sealed bidding and competitive proposals in terms of which are most advantageous to contractors. In order to do compare and contrast analysis of seal bidding contracts and competitive proposal contracts, I have to define each concept fully. After completing this task, then I can come to a decision in which I think which contract is the most suited to conduct business in my opinion. Sealed bid is the document enclosed in a glued (sealed) envelope and submitted in response to invitation-to-bid (ITB). Sealed bids received up to the deadline date are generally opened at a stated time and place (usually in the presence of anyone who may wish to be present) and evaluated for award of a contract. Competitive sealed bids are for purchases of items of tangible personal property; services and construction over $10,000 or $20,000 small purchase limits. Bids for construction contractors or heavy equipment purchases are good examples of a competitive sealed bid. Competitive Proposals is a procurement that meets the following criteria: 1. Is initiated by a request for proposals. 2. Accepts submission of timely proposals by the maximum number of offerors. 3. Usually provides discussions with offerors in the competitive range.
In my opinion, business contracts are very vital in world of commerce and industry. Materials, resources, and services are paramount in a global business environment. Because of this fact, versatility in