Description
Need to answer the questions from case study To bid or not to bid.
I am attaching the case study and two questions to be answered.
Each answer should be minimum 350 words.
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Explanation & Answer
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Surname 1
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1. Other factors to be considered by Marvin and his team.
Paragraph 1: There are several subjective and objective factor which should be considered by
Marvin and his team. First, the subjective factors include the Competition Win Impact, the scope
of the bind, the stipulated terms and conditions of the bid and the effect it will cause on future
opportunities.
Paragraph 2: Secondly, some of the objective considerations which need to be factored include
the tenability of the bid cost, profit potential and terms of payment.
Should the Company bid the job?
Paragraph 3: According to the nature of the bid and the various factors that need to be
considered, Marvin and his team should not bid the job. First, if they bid the job then the
company will be forced to give out a detailed cost structure to the client.
Paragraph 4: Secondly, it will be against the strategic objectives of the company to bid for a job
of this nature.
Paragraph 5: Thirdly, the bid involves a Work Breakdown structure divided into five levels so
that every bidder will fill each package
Surname 2
Paragraph 6: In conclusion, Marvin’s company should not bid this job because the risk of
incurring a loss is higher than the probability of making profits. Furthermore, if the company
bids this job, it risks losing...