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:
This week 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.
Please do review how this Forum and all Forums are graded using the attached rubric.
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.
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.