Question
You are the CEO of a company that sources and installs hardwood floors. The U.S. Department of Justice wants to award you a large contract,
You are the CEO of a company that sources and installs hardwood floors. The U.S. Department of Justice wants to award you a large contract, estimated value of $50 million over ten years. The scope is defined and the number of square feet of flooring is set at this point based on careful planning. Given the recent wildfires in the U.S., the cost of lumber has been highly volatile due to low supply. This is not expected to ebb over the next 7-10 years, unfortunately. This will affect the project cost in the long run. Discuss in detail 1) what type of contract should you advocate for and/or is most suitable and 2) why that chosen contract type is advantageous based on the facts for yourcompany.
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