Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Analysis: There are several alternatives STM could talk but for each the advantages and disadvantages would need to be considered. Below are a list
Analysis: There are several alternatives STM could talk but for each the advantages and disadvantages would need to be considered. Below are a list of options STM could pursue, along with the pros and cons of choosing each. Options 1: STM could choose to stay with the accepted process of using a RFQ and award the contract to the most competitive bidder. Pros: Creates more competitor and therefore better prices can be negotiated. Transparency for the public on the competitive process. Gives other local companies an opportunity to compete that would otherwise not get the opportunity if the contract was a sole source. Cons . The bidding process is expensive and will lengthen the execution of the contract Other competitors may not even bid as they may be intimidated by market giants such as Alstom and Bombardier.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Answer Analysis For STM the decision to stick with the accepted process of using a Request for Quota...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started