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Competitive bidding on incomplete procurement contracts

Discussion:

Read the following article:

Miller, D. P. (2014). Subcontracting and competitive bidding on incomplete procurement contracts. The RAND Journal of Economics, 45(4), 705-746. Retrieved from https://www.webmeets.com/files/papers/earie/2011/628/millerpaperEARIE.pdf

Write a summary of this study and its findings. Analyze and discuss the role and importance of subcontracting in project management.

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