Question: In a tender in which there is only one bidder and there is no formula for reckless withdrawal, applying the PSCL, what will be

In a tender in which there is only one bidder and there is no formula for reckless withdrawal, applying the PSCL, what will be a reckless withdrawal? The one that offers with a decrease of more than 50% of the budget. The one that offers with a decrease of more than 25% of the budget. There is no figure of reckless leave It will always be in reckless low

Step by Step Solution

★★★★★

3.48 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The detailed answer for the above question is provided below c There is ... View full answer

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 Business Writing Questions!

[The following information applies to the questions displayed below.] XYZ is a calendar-year corporation that began business on January 1, 2020. For the year, it reported the following information in...

Company borrows $85,000 at 8% annual interest for seven years on January 1, Year1. Company must make 7 equal payments at the end of every year that includes principal and interest amounts. (It's a...

Mr. Sukhbinder Sarnal has a roadways business in Kolkata and often travels to Chandigarh and Mumbai. He has one daughter and one son, aged 14 and 15yrs respectively, and his wife helps him in his...

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...

The managerial accountant at Insider Technology Organization, a medical imaging company, considers the purchase of a new machine to increase the efficiency in the image division. The existing machine...

The Ontario government decided to widen Highway 401. The highway project would be carried out in three (3) phases: phase 1, phase 2 and phase 3. Therefore, the government issued three (3) separate...

Please refer to the relevant legal concepts, terms and principles in your answer. Define and explain any legal concepts, terms and principles that you use. You can use the Legal Issue, Rule,...

The Ontario government decided to widen Highway 401. The highway project would be carried out in three (3) phases: phase 1, phase 2 and phase 3. Therefore, the government issued three (3) separate...

Chapter 6:Other Methods of International Settlement Multiple Choice: 1) The application for L/G represents a certain legal obligations and responsibilities ( Answer: Between the applicant and the...

[3] In a private tender, unlike in a government tender, we determined, except under one condition, the tender awarder need not accept the lowest bidder. What is the condition in which the lowest...

A 195-g ball traveling 4.50 m/s to the right collides with a 125-g ball traveling 12.0 m/s to the left. After the collision, the heavier ball is traveling 8.40 m/s to the left. What is the velocity...

If you were interested in finding out whether or not young adults (21 - 34 years old) are more likely to buy products online than older adults (35 or more years old), how would you phrase your null...

Carrying capacity involves many resources, including land. Which of these correcty explain the relationship of iand and carrying capacity? Creas Al Than Apply

help me to make power point from this journal https://drive.google.com/file/d/16nIrZ0f5mBY_EgknjBACWPIRozJmShG6/view?usp=sharing thanks (just give me the point for each slide or if you want you can...

explain the difference between fog computing, mobile edge computing and edge computing

Do you think the larger Canadian society and government agencies, as well as educational systems and teachers are guilty of doing nothing in the face of the Truth and Reconciliation Commissions Calls...

Weekly demand at a grocery store for a brand of breakfast cereal is normally distributed with a mean of 260 boxes and a standard deviation of 53 boxes. The store orders cereal from a distributor...

Read the case study What Lies Beneath: Auditing an Untruthful Client and write a reflective essay on it

How to engage sociopolitical topics in social media:1. How can companies engage sociopolitical topics in social media?2. If a brand does not participate in popularsocial media discussions about...

The statement has been made that the entire process of departmentalizing overhead is an extension of methods used when a single factory overhead rate is used. Explain.

Define and explain the significance of the term serial correlation.

Gaedelt Company is considering a capital expenditure proposal that will required an initial cash outlay of $250,000. The project life is expected to be 10 years, after which the equipment will have...

What are the requirements for effective supply chain management?

Explain the quick response, efficient consumer response, and vendor-managed inventory.

A chocolate manufacturer makes a variety of chocolate products including large chocolate bars (340 grams) and boxes of six smaller chocolate bars (170 grams in total). a. Specification for a large...