Purchase Solution

Value of Competitive Bids

Not what you're looking for?

Ask Custom Question

From the point of view of the organizational buyer, what is the value of getting competitive bids?

Purchase this Solution
Solution Summary

This solution discusses the value of competitive bids from the point of the organizational buyer. A link is included.

Solution Preview

Here you go- please let me know if you have any questions:
It is key to get competitive bids in order to understand the market and the product better. A buyer must first outline his or her needs. This in itself helps to better define the issue and understand the most important parts of the equation. Next, one must ...

Solution provided by:
Sally Baldwin, Ed.D
Education
  • BA, University of Southern California
  • MSS, United States Sports Academy
  • Ed.D, Boise State University
Recent Feedback
  • "Thk u"
  • "Thank you!:)"
  • "Thank you!:)"
  • "Thank you!:)"
  • "Thank you!:)"
Purchase this Solution
Free BrainMass Quizzes
Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Operations Management

This quiz tests a student's knowledge about Operations Management

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

View More Free Quizzes
Related BrainMass Solutions

  • Competitive Bids and T Bills

    74155 Treasury auction In a treasury auction of $2.5 billion par value 91 day Tbills, the following bids were submitted: bidder Bid amount Price 1 500 mill $.9940 2 750 mill $.9901 3 1.5

  • Financial Reports - Lennar, Toll Brothers

    The discounted cash flow of the monetary value of benefits generated for customers is used for rating value to the customer.

  • Confidence Interval and Power of a Test

    Place a 95% two sided confidence interval on the population mean of Arco's bids. Also, is there sufficient evidence to support the USGS claim that ARCO bids differ from the industry proxy value of 15 at 5% level of significance?

  • biggest challenges of Government Contracting Career Field

    In case of simplified acquisition, purchases of small value need to be made. In case of price based purchases sealed bidding is used, and in case of competitive proposals, negotiations are made before accepting the proposals. 4.

  • Cost to issuers - negotiated basis vs competing bid

    "An Empirical Analysis of Competitive Bid and Negotiated Offerings of Municipal Bonds." Municipal Finance Journal 17 (Spring): 41. A competitive bond offering is a solicitation of bids from potential purchasers, principally underwriters.

  • Finance Asset Cash Flow Questions

    If only these competitive bids are received, who will receive T-bills, in what quantity, and at what price?

  • Approaches to negotiating

    In a competitive bidding pricing negotiation, bids from competing contractors, supplies, or vendor are requested.

  • Competitive Bidding Affects

    The auditors and audit firms will invest in such companies that are not likely to make competitive bids for their current clients. 9. In the long run this will increase the overall charges of public accounting services and make them more costly.

  • Medicare Issues for Competitive Bidding

    The relationship that has characterized Medicare's business interactions with suppliers in the past is also revamped under competitive bidding with cost savings emerging by limiting the number of suppliers from any qualified provider to those whose bids

View More Related Solutions