Question: You are the project manager for a project that involves procurement. Multiple vendors bid for the work to be procured. The cost estimate from Best

You are the project manager for a project that involves procurement. Multiple vendors bid for the work to be procured. The cost estimate from Best Deals is significantly higher than from any other vendor.Which of the following is an appropriate action to take?

A. Be open and ask Best Deals why their estimate is higher than that of all other vendors.

B. Communicate with Best Deals to find out exactly how they reached this estimate and what statement of work they are using to make the estimate.

C. Talk to other bidders to find out what’s going on with Best Deals. Ask other bidders why their estimates are so low.

D. Write to the CEO of Best Deals to complain about this outrageously high estimate.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Project Management For Small Projects Questions!

You are the project manager for a project that involves procurement. Multiple vendors bid for the work to be procured. The cost estimate from Best Deals is significantly higher than from any other...

can i get a solution to this question please. Value: Document (include your file name) 15% of final grade How to complete: 1. Read the following Anniversary Party scheduling problem: As the project...

During the opening rounds of contract negotiation, the other party uses a fait accompli tactic. Which of the following statements is true about fait accompli tactics? One party agrees to accept the...

The Marriott Bedding Program is one of the most ambitious programs that Marriott has ever undertaken. The project team developed and implemented a compelling bedding package for more than 628,000...

Draft work breakdown structure for the Marriott bedding upgrade Marriott International Uses Project Management to Upgrade Bedding Worldwide Headquartered in Washington, DC, Marriott International,...

Marriott Bedding Program- Marriott International Uses Project Management to Upgrade Bedding Worldwide Headquartered in Washington, DC, Marriott International, Inc. is one of the leading hospitality...

pLEASE po pa help! Reflection po about dto sa mga Framework for Project Management 4. Framework for Project Management Many different professions contribute to the theory and practice of project...

Case Study: Read & Answer Harvest City Case Questions Evaluate the implementation of the Harvest City intelligent procurement system. What do you believe were the key factors that contributed to the...

Quantum Frontiers: To Boldly Go (Case Analysis) Please examine this specific case and complete an analysis. What is the best way to resolve the supply chain challenges that are faced in the case?...

Using Faraday's law, show that if a magnetic dipole antenna's axis makes an angle with the magnetic field of an EM wave, the induced emf in the antenna is reduced from its maximum possible value by...

A company reports the following information about its sales and its cost of sales. Each unit of its product sells for $ 500. Use these data to prepare a scatter diagram. Draw an estimated line of...

The following is a 3 part question ( equal marks for each part ) A . Discuss two causes of nonsampling risk. B . How can the auditor can control nonsampling risk? C . How can the auditor can control...

a. Financial statements should aid the user of the statements in making decisions. In your opinion, would the user of the statements be aided if there were a distinction between financial reporting...