Why might a contractor bid on a job that has no potential for profit?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Construction Project Management A Complete Introduction

ISBN: 9780982703496

1st Edition

Authors: Alison Dykstra

See More Books

Question Posted: Jan 03, 2024 11:56 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Many reasons why a contractor might choose to increase its bid fee were discussed in this chapter. Why might a contractor choose to lower a lump sum bid fee or negotiated proposal fee?
General Scooters has decided to replace its old assembly line with a new one that makes extensive use of robots. There are two contractors who would be able to build the new assembly line. General...
Chuck, a single taxpayer, earns $86,000 in taxable income and $20,000 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule.) Required: a. If Chuck earns an...
Determine the output voltage, vo(t), in the circuit in figure a if the input is given by the source described in figure b. 10 1H v() 1F vo() (a) v(t) (V) 1 (s) (b) (+1
The following table gives sales, product cost, and cost-to-serve data for a company that makes three product lines: A, B, and C. The company has two customer types. The cost to serve all customers is...
Describe the difference between concrete and abstract classes and give an example for each.
Decision analyst Sandy Baron has taken a job with an up-and-coming consulting firm in San Francisco. As part of the move, Sandy will purchase a house in the area. There are two houses that are...
1. Compute cost of goods manufactured.
Why does it matter to a contractor who the owner and architect are on a job?
Why might a contractor not bid on a job that is located far from his or her office?
What is the opportunity cost of the following? a. Purchasing a $100,000 house b. Holding the house for one year c. Obtaining $1,000 d. Holding the $1,000 in your checking account for one year
Measurement error increases dispersion in your dataset as scores are less consistent. For example, your standard deviation of the arm length variable will be higher if you measure it with a lot of...
You have an appointment at 10am today to sign a residential tenancy agreement with a new tenant. What documents and other items must you ensure are on hand? What skills are required for this task?
Prospect Theory would predict that a decision-maker who prefers a certain gain of $250 versus a 5% chance of winning $5,000 would, on the other hand, prefer a 5% chance of losing $5,000 compared to a...
Suppose that the production of smartphones can be split in its constituent activities and each activity can be offshored to the country where it is produced more efficiently. For the following...
Describe how your chosen company embraces (i.e. displays characteristics and evidence of) a "participative leadership culture". Provide some plausible explanation as to WHY your chosen company is...
Consider the revenue management policies used by Harrahs Cherokee Casino & Hotel, as described in Managerial Practice 14.1. From a business ethics perspective, argue for the policies. Now argue...
Is the modified 5-question approach to ethical decision making superior to the modified moral standards or modified Past in approach?
You want to accumulate $500,000 in a savings account in 20 years. If the bank pays 6% compounded annually, how much should you deposit in the account?
Explain why sunk costs are not considered in the analysis of investment alternatives.
Explain why sunk costs are not considered in the analysis of investment alternatives.
Can you provide examples of successful stakeholder engagement in public-sector organizations?
Describe how you helped the team implement service risk management strategies for this child with allergies at the center?
Explain how this activity relates to your proposed DNP project and/or meets the DNP Essential.

Why might a contractor bid on a job that has no potential for profit?

Question:

Step by Step Answer:

Even though it might not make immediate financial sense to bid on a job that has no potential for profit there are several possible reasons why a cont...View the full answer

Construction Project Management A Complete Introduction

Students also viewed these Business questions