Running Head: PROJECT MANAGEMENT1Project ManagementNameInstitutional AffiliationPROJECT MANAGEMENT2To Bid or Not to BidMarvins company is deciding on whether or not to bid on a contract being offered byone of the companys major clients. Marvin needs to decide on whether the terms set by theclient are reasonable enough as the company feels that one of the fundamental requirements bythe client of the request for proposal (RFP) might hurt Marvins company future bids. The RFPstates that for Marvins company proposal to be considered, the company would have to releasethe costs of the contract of each work package. Marvin has identified that fulfilling thisrequirement means that they will be revealing to the client their full detailed cost structure whichwill hurt in future bids as they cannot raise their prices as much as they would want if othercompanies already knew their cost structure.Marvins dilemma is that he cannot dismiss the contract requirement as the client hasstated that this requirement has to be fulfilled. Marvin can also not outright refuse to bid on theproject as the project seems to have many benefits. The first is that the client has stated that thecontract type will be cost reimbursable. A cost reimbursable contract means that Marvinscompany will not be constrained to the limits of a fixed price contract as for this type of contractthe client will be responsible for covering expenses incurred by Marvins company ove ...
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