please read below student posts reply each in 125 words.
alekhya – To Bid or Not To Bid
There are a number of factors that could be studied, like if the enterprise of Marvin chooses not to bid, then at the same time, the company needs to consider some that other enterprises can bid for the project as well as they would possibly be gained from this bidding. Additionally, the enterprise can examine if there is any alternate available for gaining further margin in profit with the help of a client cost perspective because it is a long-lasting contract which can go beyond ten or more than ten years (Kerzner, 2013). As a result, Marvin needs to study if the company can mislay its trade worth when it would not be taking any part in bidding. Moreover, when running business, the organizations must be vibrant in getting projects or otherwise, market value of enterprise can decline amongst its customers.
Marvin, and his team, must bid upon the contract as there present various different aspects that have the competency to support the enterprise if they can receive the contract. Moreover, this contract is from a key client, and this is the reason that it can provide an additional benefit over the other companies in the market who are also taking part in this biding to get the contract. In addition to this, the reason that they might fear is the pricing structure which they donâ€™t want to depict to their customers of the company (Kerzner, 2013). The enterprise should take in mind the further interesting facts which are concerned with this chance of a different contract. Moreover, if the bid happens, the market value of the enterprise can get a surge in the industry. Similarly, the performance of the enterprise would be increased as it can enhance the evaluation of the projects by utilizing the bottom-up method. It proposes that it should have the ability to bid.
harshita – 1. What other factors should Marvin and his team consider?
Marvin and his team need to consider the following factors.
To begin with to check the level and degree of productivity about the Project seeing whether the undertaking truly should be connected and on the off chance that it could recover the coveted level of benefit and picks up. Next is to look for the providers who are keen on the task. This would assist the organization in analyzing the degree of its request and discover the explanation for. Along these lines, an alternate standpoint towards the undertaking can be comprehended which could additionally bolster the choice to offer or not to offer (Kerzner, 2013). Finally, last advance Marvin and his group need to think about the states of the Project. If the terms and conditions could be fulfilled without affecting profits than the project should be bid for. However, if the terms and conditions can’t be satisfied and look unprofitable than offering ought to be dropped.
2. Should they bid on the job?
The company should bid on the project as it looks profitable to go ahead with the deal. If the terms and conditions could be fulfilled without affecting profits than the project should be bid for. However, if the terms and conditions cannot be fulfilled and look unprofitable than the idea of bidding should be dropped (Perego, 2011). However, the conditions that the bid amount and terms will not be revealed to the other suppliers. This would help in maintaining protection over company affairs and bidding method. In case the latter does not accept to hide details of bidding from other suppliers than the bid should not be made as the disclosure of company strategy would affect its ability to win future projects. This way the bidding should be made on conditions clearly stating that the non-disclosure factor.
pujan – The organization should offer at work and ought to be prepared to face little challenges for progressively critical additions. Thusly, the organization ought to have a stable situation in the customer’s bidder list. There can be necessities for expanded security and business improvement for such a significant venture, which should go about as a solid moment that offering at a significant expense. As the venture is suffering and the undertaking has high incomes. The organization ought to get many large customers ones the venture gets finished the thing to be recollected is that the benefit proportion is less yet could be set off by the incomes and the approaching activities that the organization should increment. At the underlying eliminate for any organization, backing implies, at last, loosing, which should bring trust issues later on for an organization, so I feel Marin should offer at work. Marvin and his group must recognize the reasonableness of contact type with the venture, regardless of whether it is cost-reimbursable because, in contract type, the assets rely upon work bundle. Hence, the overall revenue is less contrasted with fixed-value ventures.
Another fundamental factor is a bit that will Marvin needs to back for this endeavor since it impacts the affiliation advantage. The offering technique has characterized gain, the organization appreciates, venture fund, office qualities, adventure characteristics, contract, offering situation, resistance, and money-related. It keeps the association’s landing in the quick and dirty cost structure. At long last, I have to express that for the gained advantage. This association should offer the offer to the customer. The fundamental factor to consider about this activity is that it is the best agreement that Marvin and his group at any point found. For the coming at least ten years, the organization should make a consistent salary that invigorates the improvement of the endeavor. This association should offer at work since it is an extended stretch agreement and approximated for over 10 years.
anirudh – What other factors should Marvin and his team consider?
When you get the contract to bid, there are always many factors that need to be considered such as how long is the contract, how much risk is involved behind this contract, and what is the profit margin after considering a contract. To understand the market Marvin and the team should know the customer requirement on time in the required format. Study the tender documents carefully and check if the team has enough experience to finish it. Create a plan and check if the team can provide and fulfill each element of the bid. Since the record of Marvin is great, he should analyze the risk involved in the contract, whether he properly understand the market, he has all the resources to finish the contract on time, check what other companies are investing as well to be competitive in the market, should be confident in the ability to delivered the contract. Proper strategic planning should be done inside the bidding process so that not more than a budget is spent behind this contract (Kerzner, 2017).
Should they bid on the job?
As mention, Marvin and his company are very successful in bidding and more than that, his team has experience in this kind of work which can help the company to win the tender. At some point, Marvin is not agreed with sharing extra information in the RFP, but the contract is for ten years which can provide a fortune to the company for at least the next ten years which is profitable for any organization. The new set of standards should be implemented in disclosing RFP so that the client can trust vendors as a strategic partner and can trust more. Marvin should bid on this job as this the contract is long-term and his team has enough experience in dealing with this type of contract in the past. There are few risks involved in this project due to the new RFP, but the market is more competitive, and Marvin needs to change the strategies according to the conditions if he wants to stick long term in this market (Kerzner, 2017).