Distinguish between contract financing via loan guarantees vs. private financing

Encouragement of Small Business

Intro to Assignment: The encouragement of small business is an important goal

of government that is addressed by the Federal Acquisition Regulation (FAR).

The government is required to create a network of resources that provide for

contract opportunities to level the playing field when procuring goods and services.

Instructions: Write a six (6) page paper in which you:

1. Assess the socio-economic considerations of the federal procurement

process.

2. Distinguish between contract financing via loan guarantees vs. private

financing, and determine the impact each will have on a minority

vendor.

3. Determine the protections that are available to a diverse contractor for

his / her intellectual property.

4. Analyze ―title policy vs. license policy‖ under Part 27 of the FAR.

** THE ATTACHED INSTRUCTOR INSIGHT LESSON LECTURE WILL

PROVIDE MORE INFORMATION ON THE TOPICS.

** Be sure to answer each question separately, placing a heading

before each question.

Your assignment must follow these formatting requirements:

 Be typed, double spaced, using Times New Roman font (size 12), with one-inch

margins on all sides; citations and references must follow APA format.

 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.

The socio-economic considerations of the federal procurement process

The Government of United States has a fundamental legal requirement to purchase

required supplies and services on an efficient and competitive basis. However, the government

put in place through the procurement process particular policies that foster socioeconomic

considerations and goals. It has established programs meant to increase contracting opportunities

to small businesses owned by special interests groups such as women, youth, disabled persons,

and minority groups (U.S. Department of State Foreign Affairs, 2011). The major socioeconomic

programs are those created for small businesses. The most important small business groups

selected for socioeconomic consideration in the government’s procurement process are small

businesses owned and/or controlled by economically and socially disadvantaged persons.

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