Assignment 1: Sealed Bids vs. Competitive ProposalsDue Week 3 and worth 120 pointsWrite a 1-2 page paper in which you compare and contrast sealed bidding and competitive proposals in terms of which...

Assignment 1: Sealed Bids vs. Competitive ProposalsDue Week 3 and worth 120 pointsWrite a 1-2 page paper in which you compare and contrast sealed bidding and competitive proposals in terms of which are most advantageous to contractors.Your assignment must:•Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.•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 specific course learning outcomes associated with this assignment are:•Outline the process to forecast the likely price of an acquisition, calculate semi-variable costs, and allocate direct and indirect costs.•Use technology and information resources to research issues in cost and price analysis.•Write clearly and concisely about cost and price analysis using proper writing mechanics.