Tim Sloan, Inc. is bidding on a contract with the Navy to provide coating services. There are a few ways the Federal Acquisition Regulation can benefit both the Navy and Tim Sloan, Inc. These include awarding a sole source direct contract, using electronic payment systems like SmartPay, and considering best value in terms of price and performance. Tim Sloan, Inc. believes it will win the bid due to its low costs from bulk purchasing, excellent past performance history with the military, and competitive pricing.