Image your small business that produces very small remotecon

Image your small business that produces very small remotecontrol aircraft capable of long sustained flights. You are ready to expandyour business by competing for Department of Defense (DoD) contracts. Youalready have added one (1) contract with the DoD worth over $600,000 to yourexpanding company and are now ready to venture into contracting for the Departmentof Homeland Security and other federal agencies.Write a six to eight (6-8) page paper in which you:· Compare and contrast fixed-price contracts andcost-reimbursement contracts in terms of the benefits and drawbacks of each foryour business.· Analyze at least three (3) opportunities yoursmall business will have compared to large businesses in general.· Discuss which element(s) of cost-reimbursementcontracts tend to produce the biggest troubles for your small business. Providea rationale for your choice(s).· Determine which form of contracting wouldbenefit your business the most among all the forms of contracting described inChapter 16. Support your response.· Choose the most significant form of contractingthat would support large companies (e.g., Boeing) among all the forms ofcontracting described in Chapter 16. Support your response. · Develop a plan on how your company would justifythe government to award your company the contract when the form of thiscontracting supports larger companies.· Use at least three (3) quality academicresources in this assignment. Note: Wikipedia and other Websites do not qualifyas academic resources.Your assignment must follow these formatting requirements:· Be typed, double spaced, using Times New Romanfont (size 12), with one-inch margins on all sides; citations and referencesmust follow APA or school-specific format. Check with your professor for anyadditional instructions.· Include a cover page containing the title of theassignment, the student’s name, the professor’s name, the course title, and thedate. The cover page and the reference page are not included in the requiredassignment page length.The specific course learning outcomes associated with this assignment are:· Compare and contrast fixed-price contracts andcost-reimbursement contracts.· Examine other contract types commonly used infederal contracting. · Use technology and information resources toresearch issues in contract administration and management. · Write clearly and concisely about contractadministration and management using proper writing mechanics.