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Ellen Beebe emphasizes the importance of teamwork in proposal preparation, specifically in the context of working on cost proposals for the Patriot Air Missile Defense System. The team meets daily to prioritize tasks and ensure completion within strict deadlines. Understanding the Federal Acquisition Regulation (FAR) is crucial to creating an adequate proposal, as it provides a checklist of required elements. Supporting data for all costs, including material quotations and historical labor costs, is essential in determining the final price of the proposal.