The other local competitor has removed their name from consideration and has requested to become your company’s sub-contractor due to your company’s patent on the specialty coating.
Your existing floor equipment is dated. However, you have learned that the Navy base has floor equipment which is not currently being used.
Write a six to eight (6-8) page paper in which you:

Determine the payment type (i.e., receiving progress payments, performance-based payments, or partial payments) you will use in your bid. Provide a rationale for your response.
Determine the approach and the key terms that you would consider in requesting the use of the Navy’s floor equipment. Provide a rationale for your response.
Propose the quality control and inspection procedures that you believe should be included in your proposal. Provide a rationale for your response.
Determine, because of your company’s private patent on the specialty floor coating, whether the Navy would or would not have a patent infringement objection for the use of the coating. Provide a rationale for your response.
Determine the mechanism for contract closeout your company would use with the Navy. Provide a rationale for your response.
Use at least three (3) quality references Note: Wikipedia and other related websites do not qualify as academic resources.