Which is true about vendor bid analysis? Selectall that apply. (Choose two.)(check all that apply)The proposed costing from vendors isconsidered while developing estimates forthe project.The costing for an outsourced part of theproject cannot be sought from vendors.A technique that is based on bids obtainedfrom sponsors.Costing figures given by vendors can beless accurate.

Vendor Bid Analysis (Vendor analysis) is a technique used to figure out the cost of a project by…

Answered: Which is true about vendor bid…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Suppose that the Designer on your project team abruptly resigned his position. Instead offilling the vacancy internally, you decide to procure the services of a well-known externalconsultant to assist with the user interface design.a) Identify your choice of procurement document(s) as the mostsuitable to solicit the consultant’s services.
Assume that your class group has been selected and hired by the FAO to manage this FAOFunded Aquaponics Project described in the article (above). Using expressed and impliedinformation in the article, your project team is required to craft/develop some projectdocuments and plans to help in the overall management of the Aquaponics Project, withspecific focus on the components and questions/statements listed below Craft a high-level Procurement Management Plan for the project
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While developing the procurement strategy, the project manager requests that you use a contract type that will obligate the seller to accept all cost overruns, errors, and consequential damages in the project. Which of the following contract type will you select? a. Time and Materials b. Fixed Price c. Best Price d. Cost Reimbursable
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Cost-Volume-Profit Analysis (CVP analysis), also commonly referred to as Break-Even Analysis, is a way for companies to determine how changes in costs (both variable and fixed) and sales volume affect a company’s profit.1. Discuss the main components of CVP analysis by providing your own numerical example and constructing a Break-Even Chart.provide the meaning of cost volume profit analysis. Provide numerical data and calculate contribution margin ratio and variable expense ratio, break even in units and in sales, changes in net income, margin of safety and degree of operating leverage. Also, state the assumptions of cost volume profit CVP analysis??

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