Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

our client (a DOT) requested a quote to replace some equipment at the facility. the quote was substantial ($250k). we presented our client representative with

our client (a DOT) requested a quote to replace some equipment at the facility. the quote was substantial ($250k). we presented our client representative with a quote, but the client only passed along the subcontractor costs to their senior management. senior management approved these subcontractor costs, but the figure presented to the client's senior management did not include the cost for our labor and our standard subcontractor markup. we have a good working relationship with the client, and our project is doing well financially. issue: this is leverage/change-order work. the company expects a certain level of profit on change -order work, and we would essentially be performing this work at-cost. our primary client representative will be in an awkward position if they need to ask their senior management personnel for more money. How should I proceed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management A Strategic Managerial Approach

Authors: Jack R. Meredith, Scott M. Shafer, Samuel J. Mantel Jr.

11th Edition

1119803837, 978-1119803836

More Books

Students also viewed these General Management questions

Question

Distinguish between auditing and accounting.

Answered: 1 week ago