Introduction The company Williams Midgette Inc. is planning to engage in cooperation with the Navy. This indention demands making a specific contract needed to outline all peculiarities of partnership and ensure that both benefit from their collaboration. The company qualifies under the HUBZone Act (FAR 19.5), meaning that specific regulations should be considered. Furthermore, the initial estimates will exceed $150,000, meaning that there is a need for using certain legislation and approaches. Discussing the offering, it is vital to outline why the business would act under the HUBZone regulations and other factors affecting the contract and the further cooperation between parties. At the same time, the potential risk factors are also included to avoid failures or wrong decision-making. Qualifying Under the HUBZone There are different reasons why the business would qualify under the central concepts of the HUBZone set-aside procedures. First, the contracting officer believes that the firm and direct competitors will tender the proposal for the contract (Tyms, 2017). The identified type of business can be characterized as the small one, meaning that it can benefit from this status and has a higher chance of being qualified (Tyms, 2017). It will result in the emergence of a more solid position and a certain advantage. Another reason for qualifying under the basic concepts of the HUBZone set-aside problems is the fact that the award can be made at a fair market price (“HUBZone program,” n.d.). Moreover, it will be limited to fair competition regarding small businesses (“Subpart 19.5,” n.d.). This factor will lead to increased investment and better growth rates. Under these conditions, these two reasons explain the importance of HUBZone procedures for my business. Multiyear Contract Another important factor is the benefit that is linked to the multi-year contract. Both the Navy and the firm will enjoy a more attractive proposal because of several factors. First, this type of agreement helps to save costs and creates the opportunity for better management of contractors’ resources (Tyms, 2017). The reduction in spending is achieved through the increased effectiveness of purchasing of materials and needed products, better production process, and minimal alterations in the outlined design (Tyms, 2017). Following the model, it is also possible to avoid extra administration and management issues because of the decreased paperwork and the absence of the necessity to file new forms during specific periods (“Subpart 19.5,” n.d.). Finally, both the company and the Navy will acquire the chance to focus on long-term projects and cooperation, meaning that their relations will be continuously improved and benefit from the stable partnership (Tyms, 2017). Under these conditions, these points outline the beneficial nature of a multi-year contract. Fixed-Price The company is expected to have a fixed-price type of contract which can be explained by several factors. First, this type of agreement offers a contractor a fixed cost and includes a target and ceiling price vital for further cooperation (“Subpart 19.5,” n.d.). It means that the reconsideration of these sums can be performed