Submission of proposals to perform work is the avenue for acquiring most projects. The proposals, when submitted, must contain specific items to obligate or bind the tendering organization. the most important item is __________.
The most critical aspect of selecting a contractor and awarding a contract is the proposal evaluation (or bid review) process. The evaluators must be aware of the need to balance fact versus judgment, objective versus subjective reasoning, work tasks versus costs, time versus price, and __________.
Contracting is a means of obtaining required goods and / or services that are required to meet the needs of a project. The contract defines the legal relationship between the participants and what each participant is expected to do before the contract can be concluded. The contract also forms a __________ in which the participants strive to work toward the common goal of successfully completing the legal obligations in the most efficient manner.
The proposal preparation is in itself a short-term project that requires intense effort to be completed in the owner's (buyer's) format and time frame, while being responsive to the requirements of the formal invitation for bid. A company bidding for projects can ease the workload and enhance the potential for successfully "winning" contracts by __________.
Similar to a small project, the proposal preparation process is started by a __________ meeting where the technical, legal, and compensation considerations are reviewed and assignments of responsibility are made.
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