1explain the challenge of producing accurate cost , Management Theories

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1explain the challenge of producing accurate cost

1) Explain the challenge of producing accurate cost estimation when working in harsh geographichal conditions.

2) The original bidding process favored the lowest project construction bids using a fixed price " contract . What are the advanteges and disadvantages to the indian government when using this type of bidding process? How did it contribute to gross under bids and succesive cost escalations?

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