What is the risk of waiting until bids received


It is very common to find buyers that fail to identify the RFP evaluation criteria during the project procurement planning process, and in fact do not define the evaluation criteria until after proposals have been received and the evaluation process is set to begin. What do you think is the risk of waiting until bids have been received to establish the evaluation criteria to be used to select a preferred contractor? Please answer in 120 words or less.

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Operation Management: What is the risk of waiting until bids received
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