Question: If cost - efficiency is not considered when a municipality awards a contract to a service provider, an unfair price for the contracted services might

If cost

-

efficiency is not considered when a municipality awards a contract to a service provider, an unfair price for the contracted services might be determined, which means that

. . .

the price of the services is in reasonable proportion to the total operating costs of the contracted provider.

the price determined for the service delivery is reasonable to both the municipality and the contracted service provider.

the lowest price that could ensure the continuous quality service delivery by the contracted provider is not negotiated.

the price of services delivered by the contracted provider is determined by active competing service providers in a competitive market.

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 General Management Questions!

Good afternoon, I need to answer the questionnaire "GENERAL BUSINESS RISK ASSESSMENT QUESTIONNAIRE" on section 3 of the case. Thank you ABC, INC. A Comprehensive Decision Based Case, 4th Edition,...

Assignment 4: Receivables questionnaire problems 1 and 2. Inventory questionnaire problems 1 and 2 Receivable questionnaire starts on page 97 to 100 and then answer the 2 problems Inventory...

page 71 Problem 4 Using the client?s financial statements and notes to the financial statements, determine what issues relating to GAAP to which the predecessor auditor may be referring. Ensure you...

If cost - efficiency is not considered when a municipality awards a contract to a service provider, an unfair price for the contracted services might be determined, which means that . . . the price...

\f\f\fChapter 2 Service Strategy Learning Objectives After completing this chapter, you should be able to: 1. Formulate a strategic service vision. 2. Describe how a service competes using the three...

WorkfileContents.doc ASSIGNMENT # 2 Contract Review Analyze the sample physician contract provided below. Important negotiation language is missing from the contract. Using the Managed Care Checklist...

I need to write a 2 page paper on the attached FASB Exposure draft for revenue from customer contracts. The instructions are: Develop a logical, well-articulated response to the exposure draft (for...

The Value Journey: Improving Cost Structure Through Performance ImprovementIn 2 0 1 2 , Bronx - Lebanon Hospital Center in New York began preparing for the shift to a value - based payment system by...

n 2 0 1 2 , Bronx - Lebanon Hospital Center in New York began preparing for the shift to a value - based payment system by performing a complete review of its operations. This internal organizational...

The region of Problem 27 is revolved about the y-axis. Find the volume of the resulting solid. In problem 27 The region bounded by y = 1/(x2+2x+5), y = 0, x = 0, and x = 1, is revolved about the...

The Following Items/Events Relate To Hospitals Covered By The AICPA Audit Guide On Health Care Providers And FAS #116, #117, #124, And #136. Each Choice May Be Used More Than Once. Classify Each Of...

Enabled: Final Exam 1 Srued Hels Sueve 5 tisit Sublemit An efficient capital market is best defined as a market in which security prices reflect which one of the following? Multiple Choice A risk...

Bond X is noncallable and has 20 years to maturity, a 9% annual coupon, and a $1,000 par value. Your required return on Bond X is 12%; if you buy it, you plan to hold it for 5 years. You (and the...