Assignment 3: The FAR and Contract Provisions for ProtectionWorth 300 pointsImagine that you are a contracts officer for the Department of Energy (DOE). You have been asked to review bids from contractors who have developed a new widget for saving the American public twenty-five percent (25%) on their energy bills. Once an award is made, the contractors will receive the contract, which includes provisions to minimize risks and define rights and obligations, from the Department of Energy.Review Federal Acquisition Review (FAR) “52.246-1 Contractor Inspection Requirements”.Note: You may create and / or make all necessary assumptions needed for the completion of this assignment.Write a four (4) page paper in which you:Evaluate the importance of the standard default clause. As a contracts officer for the DOE, suggest two (2) ways in which you could combine the standard default clause with the FAR’s delay provision for the protection of both parties to the contract. Provide a rationale for your response.Speculate on the impact that a contracting officer’s changes to the payment terms within the contract would exert upon both the government and the contractor. Next, suggest the most secure method for making a contractual change. Justify your response.As a contracts officer for the DOE, suggest two (2) improvements that you would make to the inspection procedure in order to make the procedure more efficient. Provide a rationale for your response.Use at least four (4) quality academic resources in this assignment. Note: Wikipedia and similar websites do not qualify as academic resources.Format your assignment according to the following formatting requirements:Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.Include a cover page containing the title of the assignment, your name, your professor’s name, the course title, and the date. The cover page is not included in the required page length.Include a reference page. Citations and references must follow APA format. The reference page is not included in the required page length.The specific course learning outcomes associated with this assignment are:Explain the government’s intellectual property rights policy.Compare and contrast the consequences and remedies of “termination for default” and “termination for convenience.”Use technology and information resources to research issues in procurement and contract law.Write clearly and concisely about procurement and contract law using correct grammar and mechanics.Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.Points: 300Assignment 3: The FAR and Contract Provisions for ProtectionCriteriaUnacceptableBelow 60% FMeets Minimum Expectations60-69% DFair70-79% CProficient80-89% BExemplary90-100% A1. Evaluate the importance of the standard default clause. As a contracts officer for the DOE, suggest two (2) ways in which you could combine the standard default clause with the FAR’s delay provision for the protection of both parties to the contract. Provide a rationale for your response.Weight: 30%Did not submit or incompletely evaluated the importance of the standard default clause. Did not submit or incompletely suggested two (2) ways in which you could combine the standard default clause with the FAR’s delay provision for the protection of both parties to the contract. Did not submit or incompletely provided a rationale for your response.Insufficiently evaluated the importance of the standard default clause. Insufficiently suggested two (2) ways in which you could combine the standard default clause with the FAR’s delay provision for the protection of both parties to the contract. Insufficiently provided a rationale for your response.Partially evaluated the importance of the standard default clause. Partially suggested two (2) ways in which you could combine the standard default clause with the FAR’s delay provision for the protection of both parties to the contract. Partially provided a rationale for your response.Satisfactorily evaluated the importance of the standard default clause. Satisfactorily suggested two (2) ways in which you could combine the standard default clause with the FAR’s delay provision for the protection of both parties to the contract. Satisfactorily provided a rationale for your response.Thoroughly evaluated the importance of the standard default clause. Thoroughly suggested two (2) ways in which you could combine the standard default clause with the FAR’s delay provision for the protection of both parties to the contract. Thoroughly provided a rationale for your response.2. Speculate on the impact that a contracting officer’s changes to the payment terms within the contract would exert upon both the government and the contractor. Next, suggest the most secure method for making a contractual change. Justify your response.Weight: 30%Did not submit or incompletely speculated on the impact that a contracting officer’s changes to the payment terms within the contract would exert upon both the government and the contractor. Did not submit or incompletely suggested the most secure method for making a contractual change. Did not submit or incompletely justified your response.Insufficiently speculated on the impact that a contracting officer’s changes to the payment terms within the contract would exert upon both the government and the contractor. Insufficiently suggested the most secure method for making a contractual change. Insufficiently justified your response.Partially speculated on the impact that a contracting officer’s changes to the payment terms within the contract would exert upon both the government and the contractor. Partially suggested the most secure method for making a contractual change. Partially justified your response.Satisfactorily speculated on the impact that a contracting officer’s changes to the payment terms within the contract would exert upon both the government and the contractor. Satisfactorily suggested the most secure method for making a contractual change. Satisfactorily justified your response.Thoroughly speculated on the impact that a contracting officer’s changes to the payment terms within the contract would exert upon both the government and the contractor. Thoroughly suggested the most secure method for making a contractual change. Thoroughly justified your response.3. As a contracts officer for the DOE, suggest two (2) improvements that you would make to the inspection procedure in order to make the procedure more efficient. Provide a rationale for your response.Weight: 25%Did not submit or incompletely suggested two (2) improvements that you would make to the inspection procedure in order to make the procedure more efficient. Did not submit or incompletely provided a rationale for your response.Insufficiently suggested two (2) improvements that you would make to the inspection procedure in order to make the procedure more efficient. Insufficiently provided a rationale for your response.Partially suggested two (2) improvements that you would make to the inspection procedure in order to make the procedure more efficient. Partially provided a rationale for your response.Satisfactorily suggested two (2) improvements that you would make to the inspection procedure in order to make the procedure more efficient. Satisfactorily provided a rationale for your response.Thoroughly suggested two (2) improvements that you would make to the inspection procedure in order to make the procedure more efficient. Thoroughly provided a rationale for your response.4. 3 referencesWeight: 5%No reference provided; or, does not meet the required number of references; all references poor quality choices.Does not meet the required number of references; most references poor quality choices.Meets the required number of references; most references poor quality choices.Meets number of required references; most references high quality choices.Meets number of required references; all references high quality choices.5. Clarity, writing mechanics, and formatting requirementsWeight: 10%More than 8 errors present7-8 errors present5-6 errors present3-4 errors present0-2 errors present