Analysis: There are several alternatives STM could talk but for each the advantages and disadvantages would...

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Analysis: There are several alternatives STM could talk but for each the advantages and disadvantages would need to be considered. Below are a list of options STM could pursue, along with the pros and cons of choosing each. Options 1: STM could choose to stay with the accepted process of using a RFQ and award the contract to the most competitive bidder. Pros: Creates more competitor and therefore better prices can be negotiated. Transparency for the public on the competitive process. Gives other local companies an opportunity to compete that would otherwise not get the opportunity if the contract was a sole source. Cons . The bidding process is expensive and will lengthen the execution of the contract Other competitors may not even bid as they may be intimidated by market giants such as Alstom and Bombardier. Analysis: There are several alternatives STM could talk but for each the advantages and disadvantages would need to be considered. Below are a list of options STM could pursue, along with the pros and cons of choosing each. Options 1: STM could choose to stay with the accepted process of using a RFQ and award the contract to the most competitive bidder. Pros: Creates more competitor and therefore better prices can be negotiated. Transparency for the public on the competitive process. Gives other local companies an opportunity to compete that would otherwise not get the opportunity if the contract was a sole source. Cons . The bidding process is expensive and will lengthen the execution of the contract Other competitors may not even bid as they may be intimidated by market giants such as Alstom and Bombardier.

Answer rating: 100% (QA)

Answer Analysis For STM the decision to stick with the accepted process of using a Request for Quota... View the full answer