Scenario:ACME Aircraft Co. (AAC) has just received a series of Government Corrective Action Requests (GCAR) across several of its contracts. The contracts are of various types:Cost Plus (1)FFP (1)T&M (1)Commercial (Far Part 12) (1)At issue is AACs failure to report a workmanship error (involving aircraft) as a loss of Government Property, to the Procurement Integrated Enterprise Environment. The ACO has indicated a willingness to accept one consolidated response. Youve been asked by your leadership to draft one response to all of the GCARS.Assignment: Draft a response to the GCAR addressing the fundamental question on whether workmanship issues are considered losses. Your response should consider:What is a workmanship error?What is loss of Government property; Where is it defined? Is there a relationship between workmanship errors and loss of Government propertyWhat reporting requirements are contractually binding upon AAC? How are those requirements operationalized; what do AACs procedure(s) say (you can reference your real companys procedures for this part)?What is the Governments policy on issuing a CAR? (please provide an appropriate reference)Does contract type impact the scenario? ExplainDoes it make any difference if the aircraft is not a Government-furnished Property item? For example, the workmanship error involved pre-delivery re-workWhat are the implications if the workmanship error occurred at a subcontractor?Extra Credit: Discuss the above workmanship/loss scenario with the Governments preference for relying on commercial products and services