Complex sentence: After the bidding process is complete, the hiring firm will select a source, and then, for the agreed-upon price, the CM acts as the hiring firm's factory, producing and shipping units of the design on behalf of the hiring firm.
Split into simpler sentences: After the bidding process is complete, the hiring firm will select a source. For an agreed upon price, the CM then acts as the hiring firm's factory, producing and shipping units of the design on behalf of the hiring firm.