Explain significance of determine fair and reasonable prices

Reference no: EM131712893

Assignment

Before you understand that this bid requires a forum post along with 2 forum post responses below, both must be done. The budget is what it is posted, please do not try to raise the price, either you will do it or the next person will. The forum post is due by Thursday and the responses by Sun; I will annotate this posting with responses once I get them and contact you.

Forum Introduction:

We have a discussion between cost and price analysis.

Reference for this discussion:

Review sections 2.4 through 2.4.2 and 5.0 through 5.8 of your textbook.

You may also research in the university library, internet, or other reputable sources to find material that could support your position.

Forum Question:

1. What is the difference between cost and price analysis and when would you use the two when analyzing a contractor's proposal?

2. Explain the significance of determining fair and reasonable prices during analysis and negotiation phases; use a contract example.

1. Discuss two of the business competencies in your textbook and their importance when conducting negotiations.
Use your textbook, university library, internet, or other reputable sources to complete this assignment. Feel free to use your own experiences as well.

Instructions for a successful Forum:

Your initial post should be at least 250 words. Please respond to at least 2 other students. Responses should be a minimum of 100 words and should include at least one direct question related to what that another student posted or in response to a student's posting to your initial post.

Attachment:- Revised-Circular.rar

Reference no: EM131712893

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