(Answered) Cost and price analysisinitial bidsuggest the most

Management Studies

Cost and Price Analysis

Initial Bid

Suggest the most significant manner in which the cost of the solicitation process adds to the bottom-line in the initial bid for a government contract. Justify your response.
Determine the steps in the sealed bidding process. Next,Give anargument for or against the sealed bidding process as a method of lowering the government's potential expense for a good or service. Justify your response with one example.

Please include references.

We use this text book

Murphy, J. E. (2009). Guide to contract pricing: Cost and price analysis for contractors, subcontractors, and government agencies (5th ed.). Vienna, VA: Management Concepts

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