Why is it important to carry out vendor bid analysis for any cost estimates received?

Ilya Rezun's picture
Ilya Rezun

18 points

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Why is it important to carry out vendor bid analysis for any cost estimates received?

Communications
Procurement
Project Planning
Posted 1 year ago. 1818 views.
Answer
2 answers

ROXY's picture
ROXY

78 points

This one is the BEST answer!
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It is important to carry out vendor bid analysis for any cost estimates received to ensure that the estimate received is with in an expected range, neither too high nor too low.

- 1 year ago.

Dmt Nelson's picture
Dmt Nelson

122 points

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+2
-1

It helps to estimate cost based on the value of the Bid submitted by the Vendors. Later, detail cost information is available once after finalizing the seller, and made agreements.

- 1 year ago.

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