Assignment 3: Acquiring a Contract With the Navy Due Wednesday, March 4, 2020 Based on the same scenario as in Assignments 1 and 2, you are ready to begin considering the factors needed for your proposal based on RFP #123456789, dated 07/14/2014. Remember that another local competitor intends to submit a proposal as well. Before beginning this assignment, review FAR Subpart 19.5—Set-Asides for Small Business, located at http://www.acquisition.gov/far/html/Subpart%2019_5… Additional factors to consider are as follows: 1.Both your company and your competitor’s company will qualify under the HUBZone Act (FAR 19.5). 2.Based upon the scope of work required, your initial estimates for the contract will exceed $150,000. Therefore, you are willing to offer incentives to the Navy. 3.Your competitor intends to submit a proposal for a 1-year contract. Write a 5.5 page paper in which you answer the following questions: Question # 1 Examine two reasons why your business would qualify under the basic concepts of the HUBZone set-aside procedures. Provide a rationale for your response. Question # 2 Analyze the primary ways in which a multiyear contract would benefit both the Navy and your business. Question # 3 Determine whether your bid proposal should be based on a fixed-price, a cost-reimbursement, or a time-and-materials type of contract. Provide a rationale for your response. Question # 4 Determine the category of incentives that you are willing to offer (i.e., cost, schedule, or performance). Provide a rationale for your response. Question #5 Determine whether your bid proposal should be a technical, management, or cost proposal. Provide a rationale for your response. Question # 6 Speculate on five potential risk factors that you will need to consider if your company is awarded the contract. Provide a rationale for your response. Your assignment must follow these formatting requirements: 1. APA format. 2. Each question should appear as a header in the paper. 3. Include an introduction based on the provided scenario 4. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources 5.Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.