which of the following is not a risk associated with international contracting? course hero

What is FMS in military?

For foreign military sales (FMS) non-program of record acquisition programs, the fms customer nation is responsible for developing, awarding, and executing the contract in accordance with their own contracting policies and procedures.

What is affordability most concerned with?

Affordability is most concerned with: -Making tradeoffs in performance and schedule to achieve cost objectives within affordability constraints. -Use of commercial design practices to save development and production costs. -Making tradeoffs that will provide the best possible system in the least amount of time.

When should exportability studies be conducted?

Program-level exportability feasibility studies should be conducted as early as possible in a system's life cycle to assess the international market for potential cooperative programs, foreign sales, or transfers; identify the feasibility of designing and developing defense exportability features (DEF) for the system; and estimate potential return on investment from future international acquisition partnership and sales efforts.

What is the Air Force upgrading?

The Air Force is in process of completing development on an upgrade to an existing fighter aircraft that will improve survivability and reliability. The contractor has provided the Government with detailed technical drawings and associated costs of the parts, materials, and labor required to produce the system.

How long does it take to develop alternative concepts?

When comparing two alternative concepts, you discover that both will provide the needed capabilities. Alternative 1 requires new development that will take 7 years and will cost more than the other alternative. alternative 2 can be developed in 4 years relying on proven joint capabilities technology demonstration technology. based on the information provided here, which is a better alternative?

Can one cost estimation method be used in combination with another method?

one cost estimation method can be used in combination with another method.

What is the likely scenario of time delays?

Likely scenario: Time delays as everybody tries to figure out why the clause is there and what else is contingent upon it. An important component stops being delivered or a third-party contract lapses. Fingers start pointing to determine where the incompetence came from.

What is the fundamental tool in contract management toolbox?

How to avoid it: Again, a fundamental tool in your contract management toolbox is centralised date management, alerting contract managers to key dates in plenty of time to enable informed decision-making.

What is centralised contract management?

A centralised contracts management system will require certain approvals before a contract can proceed through the system. Does your organisation have an insurance, securities, guarantees & escrow management function?

What is the worst case scenario for a company?

Worst-case scenario: Companies go bankrupt over missed deadlines. If other projects are contingent on successful completion of milestones or deliverables, a domino effect could cause those deals to fall over. Expensive litigation could cause an organisation to face financial and reputational ruin.

How many contracts do organisations deal with a day?

Many organisations typically deal with hundreds of contracts a day: from the single paragraph that covers the charity chocolates in the tearoom to tomes drafted by lawyers with contingencies, milestones, deadlines, conditions precedent and subsequent, limits and rules, deliverables and receivables. And while all contracts carry some element of risk, but some contracts are riskier than others.

What is risk 1?

Risk 1: A condition precedent isn’t met, or a sunset clause passes without action.

What is the best case scenario for a person who holds the necessary knowledge?

Best-case scenario: those who hold the necessary knowledge never retire or have holidays and are pro-active about sharing information. They have a meticulous filing system that everyone understands and can run with in case they are hit by a bus.