Can you briefly discuss the purpose of Government Contracts in doing business with the Public/Private companies?

Expert Solution

The purpose of the government contracts in doing businesses with the public or private enterprise is to build public private partnership and get the expertise, higher efficiency and network benefits of the specialized organizations that can reduce the overhead costs and government can achieve its goals with a dedicated budget. It reduces the scope of failure and liabilities are shared as work is being awarded to the companies who are specialized to do that and in a given budget, time schedule and key deliverables. Further, it also solves one purpose of the government that is to create employment. When a work contract is awarded to public or private companies, then these organizations will create new jobs and funds will be channelized to stimulate the aggregate demand of the economy as well. So, there are multiple objectives and purpose (primary and secondary) when government contracts are awarded to the public or private companies.

Rahul Sunny answered 1 year ago

Discuss the impact of public (government) and private controls on long term care.

Discuss the effects of the FCPA on fraud and US Companies doing business globally

what is the triple bottom line concept? discuss 5 examples of private or public companies in...

what is the triple bottom line concept? discuss 5 examples of private or public companies in the world that apply the triple bottom line concept . Provide some evidence on why their activities care about the people, the planet and generate profits.? two pages maximim thanks!

Can you briefly explain in some paragraphs on how public companies deal with exchange rate risk...

Can you briefly explain in some paragraphs on how public companies deal with exchange rate risk and how actually rate changes affect firms?

Compare and contrast private goods and public goods? Briefly explain why public goods can cause market...

Compare and contrast private goods and public goods? Briefly explain why public goods can cause market failure

In CLA1 you developed an e-commerce site for the purpose of doing business. As a continuation...

In CLA1 you developed an e-commerce site for the purpose of doing business. As a continuation of your new e-commerce business, you are to develop strategies to accomplish the following: Establish and maintain an International footprint for your e-commerce site ? Analyze how the use of mark-up languages on the web can aid in increasing sales and an Internet presence Develop advanced functions by using a set of e-commerce software that provides a competitive advantage Plan and develop new e-commerce...

Examples of public entities, nonpublic entities and private companies

The purpose of this exercise is to show how the public sector will allocate private and...

The purpose of this exercise is to show how the public sector will allocate private and public goods. Unlike the private sector the public sector decision to provide a good is based on a collective political decision rather than a market based decision. For each type of good your decision to provide the good must meet the following conditions: the total must receive a majority of voting support and it must raise enough taxes to cover costs. Every resident pays the same...

Which of the following is least associated with union jobs and contracts? both private and public...

Which of the following is least associated with union jobs and contracts? both private and public sectors jobs a large population of immigrant workers a large population of black workers high-skilled workers jobs in industries that are controlled by just a few firms

Describe the difference between public and private companies Explain the history behind the Sarbanes-Oxley Act Discuss...

Describe the difference between public and private companies Explain the history behind the Sarbanes-Oxley Act Discuss the main requirements of the Sarbanes-Oxley Act Explain the role of Public Company Accounting Oversight Board Describe how Section 404 internal control requirements impact information security Discuss frameworks used to guide Sarbanes-Oxley internal control requirements Describe the federal governments information security challenges Explain the main requirements under the Federal Information Security Management Act Describe the role of the National Institute of Standards and Technology...

Question