Sealed Bids vs. Competitive Proposals Essay Example | Topics and Well Written Essays - 250 words

Sealed Bids vs. Competitive Proposals - Essay Example In some cases, the contractors are able to change the price of their bids at the last moment as the lowest price gets leaked out. On the other hand, in the competitive proposals, more responsibility rests on the shoulders of the contractor as the entire work methodology is proposed by him rather than the client. It is risky as the competitive proposals are adopted as a method of procurement particularly for very complex projects (quelchnet.com, n.d.). The contractor might not be able to execute the work as the proposed methodology might turn out to be actually more complicated than the contractor had anticipated. â€Å"Through the process of procurement request for proposal, bidders can underscore their experience and expertise in an area† (Conviron, 2011). In addition to that, every contractor submits just one proposal as the submission is followed by negotiation with an evaluation committee chosen by the client if the proposal is deemed acceptable. Since competitive proposal s are more flexible as compared to sealed bidding, information from one contractor might be disclosed to

You Be the Consultant Exercise Case Study Example | Topics and Well Written Essays - 500 words

You Be the Consultant Exercise - Case Study Example In addition, the management is able to analyze the new store more efficiently. Many business consultants would offer this advice to new firms. There are many situations when companies are successful and therefore, rush their expansion strategy. A rushed expansion strategy may be damaging to the parent company that was previously successful. Therefore, firms should realize the fact that the new smaller firms are a representation of the large firms and may have significant impact on the level of success. In a similar way, these new branches may be the stepping stones to the company achieving a much more superior level in its sector. Hence, the Wegman strategy is advisable as it gives the firm enough time to address the success of the new company and if necessary implement the appropriate strategy to enable the new store to adjust to the market (Banai, 886-900). One of the most important aspects of any company is the human resource. The importance of human resource is not limited to the intellectual capability of the staff members, but also includes their familiarity with the policies of the firm (Ammann, n.p). Companies frequently spend a significant amount of their budget in order to train staff members and ensure their competency. It is worth noting that the strategy by Wegman family to delegate the responsibility of the ne firms to its brightest employees has both positive and negative attribute. The positive attribute includes the fact that the employees have superior intellectual capabilities and are already aware of the direction in which the company is heading. These individuals are also familiar with the internal policies of the company that create its culture and brand image. Hence, the rate of progress of the new stores is likely to be faster and in coherence with the parent company. However, there are negative attributes such as stagnation and lack of diversity. The business world is constantly evolving, and at times it is necessary to