solved *Important notes:• This assignment will focus on examining an organization’s

*Important notes:• This assignment will focus on examining an organization’s purchasing policy to understand the language/content to see what’s missing and connect that missing language to how the policy can be improved/strengthened.• The capstone requires that you highlight problems with a policy’s content, problems with how staff understand how to use/implement the policy, and highlight what a policy is lacking.• The professor is looking for a draft to be written in a clear and concise manner and get to the point about the policy, problem/shortcomings with the policy, no jargon• This assignment is for a capstone topic, in the below format• See instructions in the below format, attached Capstone Guidelines, a sample of an approved capstone topic in the format the professor is asking for, and the purchasing policy for the organization that will be the focus for this assignment• Please focus more on section II. It would be helpful to have a clearly written draft of the policy shortcoming and the language to understand the new federal standards for nonprofit organizations.Use the below format and respond to the instructions.I. THE POLICYThis section must describe an existing policy in an organization where you work or an existing policy that is mandated by an organization. The discussion needs to tell the reader the name of policy, its goal, and the scope of the policy. In terms of scope, you must review what the policy requires.- Possible policy to examine is the purchasing policy that relates to competitive bidding, specifically language pertaining to federal purchases of $3,000- Pp.9-10 “For items purchased with Federal funding, competitive quotes are required for goods and services over $3,000”- “Competitive bidding must be based on the procedures outlined in the…*Purchases Funded with Federal Awards Competitive quotes are required for goods and services over $3,000 (followed by bidding requirements stated above.); Competitive Bidding Procedure…”II. PROBLEMS AND SHORTCOMINGS WITH POLICYThis section must discuss the problems with the policy. Problems can focus on (1) what the policy lacks to help staff make decisions and (2) challenges with understanding and implementing the policy in the field and (3) other relevant difficulties with the policy.- Possible language the procurement policy is lacking and may need to be updated is the procurement methods the federal government requires for nonprofit organizations receiving federal funds (See U.S. Department of Education, “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal