Assignment 2: Competition RequirementsDue Week 4 and worth 150 pointsFederal Acquisition Review (FAR) Part 15 â Negotiations states âExchanges of information among all interested parties, from the earliest identification of a requirement through receipt of proposals, is encouraged.â When planning a competitive solicitation, the agency must provide needed information in order to develop a thorough request that takes into account the agencyâs objectives for quality, schedule and costs.Imagine that you are a contracts officer for the Internal Revenue Services, and your supervisor has tasked you with the procurement of a new software system for processing tax returns.Review the.acq.osd.mil/dpap/dars/dfars/html/current/252215.htm#252.215-7009″ title=”Proposal adequacy checklist”>Proposal Adequacy Checklist.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 offerorâs 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 does not qualify as an academic resource.