Assignment 3: Acquiring a Contract With the NavyDue Week 9 and worth 210 pointsBased on the same scenario as in Assignments 1 and 2, you are ready to begin considering the factors needed for your proposal based on RFP #123456789, dated 07/14/2014. Remember that another local competitor intends to submit a proposal as well.Before beginning this assignment, review FAR Subpart 19.5—Set-Asides for Small Business.Additional factors to consider are as follows: Both your company and your competitor’s company will qualify under the HUBZone Act (FAR 19.5). Based upon the scope of work required, your initial estimates for the contract will exceed $150,000. Therefore, you are willing to offer incentives to the Navy. Your competitor intends to submit a proposal for a 1 year contract. Write a paper in which you: Examine two (2) reasons why your business would qualify under the basic concepts of the HUBZone Set-Aside Procedures. Provide a rationale for your response. Analyze the primary way(s) in which a multiyear contract would benefit both the Navy and your business. Determine whether your bid proposal should be based on a fixed-price, a cost-reimbursement, or a time-and-materials type of contract. Provide a rationale for your response. Determine the category of incentives that you are willing to offer (i.e., cost, schedule, or performance). Provide a rationale for your response. Determine whether your bid proposal should be a technical, management, or cost proposal. Provide a rationale for your response. Speculate on five potential risk factors that you will need to consider if your company is awarded the contract. Provide a rationale for your response. Go to the Strayer University Online Library to locate at least 3 quality references.