During competitive bidding activities, why aren’t the contractors allowed to have personal conversations with the seller’s...

During competitive bidding activities, why aren’t the contractors allowed to have personal conversations with the seller’s organization without informing other bidders about the discussion?

Expert Solution

In a competetive bid, all the bidding vendors must have a fair playing ground and no vendor should have an undue advantage over the other by seeking extra information from the seller. To keep the bidding process transparent and open, the contractors are not allowed to have discreet conversations with seller's organization without informing other bidders. In a competitive bid, even if the questions are raised by one vendor the response to questions is released to all other vendors. This is to make sure everyone has the same information while preparing their bids.

If contractors do have discreet conversations withouth informing seller's organization , it inadvertently provides extra information to one bidder causing the bidding process to be less competetive and inclined in favor of that vendor. It is possible that other contractors back out from bidding when they feel process is not transparent and chances of winning are low.

keosha answered 1 year ago

why do catering businessess have employees instead of imdependent contractors?

why foreign government may have your personal data ? explain.

Why type of demand curve does a perfectly competitive firm have and why? A. It has...

Why type of demand curve does a perfectly competitive firm have and why? A. It has a perfectly elastic demand curve because it is a price setter. B. It has an inelastic demand curve because it is one of few sellers that sell identical goods. C. It has an inelastic demand curve because it is a price taker. D. It has a perfectly elastic demand curve because it is one of many sellers that sell homogenous goods.

Write a brief note on why Earth's magnetic field may have allowed it to keep its...

Write a brief note on why Earth's magnetic field may have allowed it to keep its atmosphere whereas Mars’ lack of a comparable field may have contributed to its loss of an atmosphere.

Does a monopolistically-competitive firm have zero economic profits in the long run? Why or why not?...

Does a monopolistically-competitive firm have zero economic profits in the long run? Why or why not? How might it be different from perfect competition in the long run?

Why the group may have a centralized risk team The main activities that the group’s senior...

Why the group may have a centralized risk team The main activities that the group’s senior management and Board might expect this team to undertake Alternative ways in which the group might structure its risk management activities that do not involve a centralized risk team.

a) Many large companies have opted for a hybrid structure to organize their purchasing activities. Why...

a) Many large companies have opted for a hybrid structure to organize their purchasing activities. Why would companies choose such a structure? b) How would you as a corporate purchaser proceed with developing a sourcing strategy for transportation services category and ensure that centrally negotiated (corporate) frame agreements are used?

Carefully explain the characteristics of a monopolistically competitive firm. Why do many of these characteristics have...

Carefully explain the characteristics of a monopolistically competitive firm. Why do many of these characteristics have “weasel (vague, imprecise) words” in them? Please show me your thought process. Please explain it as if you are telling it to someone who has no clue about economics.

1. (a) why do firms in a monopolistic competitive market have to worry about setting a...

1. (a) why do firms in a monopolistic competitive market have to worry about setting a price while firms in perfect competition do not. (b) Give an example of each of the above types of markets (c) As a business owner, which market would you rather be in? (why?) (d) What are firm long-run economic profits in monopolistic competitive industries? (why?)

1. Why don't we have a perfectly competitive system? (go over each of the requirements for...

1. Why don't we have a perfectly competitive system? (go over each of the requirements for perfect competition and explain why that does not occur). 2. Which of the requirements do you think is the most important reason we don't have a system of perfect competition? Explain. Please give me a short paragraph for each question.

Question