Question: MANAGE PROCUREMENT AND CONTRACT! PLEASE ANSWER ACCURATELY! You are part of Zibis Bid Adjudication Committee and one of the other members, the chief financial officer

MANAGE PROCUREMENT AND CONTRACT!

PLEASE ANSWER ACCURATELY!

You are part of Zibis Bid Adjudication Committee and one of the other members, the chief financial officer (CFO) recommends that the lowest and highest bids should be disqualified since their price is substantially lower and substantially higher than the cost estimate Zibi did internally. Do you agree with the Chief Financial Officers (CFO) recommendation? Will such an approach have any risk for Zibi? (10 MARKS).

PLEASE ANSWER CORRECTLY AND IN DETAIL.

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