Imagine that you are a contracts officer for the IRS,

Assignment 2: Competition RequirementsFederal Acquisition Review (FAR) Part 15 – Negotiations states “Exchanges of information among all interested parties, from the earliest identification of a requirement through receipt of proposals, is encouraged.” When planning a competitive solicitation, the agency must provide needed information in order to develop a thorough request that takes into account the agency’s objectives for quality, schedule, and costs.Imagine that you are a contracts officer for the IRS, and your supervisor has tasked you with the procurement of a new software system for processing tax returns.Write a two to three (2-3) page paper in which you:Analyze the proposal adequacy checklist for organizing a proposal, and summarize the intrinsic value of two (2) of the suggestions on the checklist. Prepare and articulate an argument in support of your position.Debate whether or not the offeree should let an offeror’s mistake within a proposal go uncorrected, even if such action would cause the offeror to withstand a loss.Suggest one (1) judicial remedy available to the offeror to prevent his / her loss. Provide an argument in support of your position.Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and similar websites do not qualify as academic resources.Format your assignment according to the following formatting requirements:Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.Include a cover page containing the title of the assignment, your name, your professor’s name, the course title, and the date. The cover page is not included in the required page length.Include a reference page. Citations and references must follow APA format. The reference page is not included in the required page length.The specific course learning outcomes associated with this assignment are:Identify and apply the appropriate Federal Acquisition Regulation (FAR) clauses to meet compliance in contracting actions and dispute resolution requirements.Explain the basic elements and compliance issues of the federal procurement framework (contract formulation, solicitation, costs, payment, financing, administration, and closeout).Use technology and information resources to research issues in procurement and contract law.Write clearly and concisely about procurement and contract law using correct grammar and mechanics.