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One advantage to bidding on governmental contracts is the fact that the winning bid will offer the best services for the job. A disadvantage to the process is the fact that bidding may make a business bid too much for the contract.
What are the advantages and disadvantages to cooperative versus competitive strategies
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when can't competitive bidding be used
Tamil Nadu will select developers through Tariff based reverse / competitive bidding.
Disadvantages of currency appreciation is makes the exports of the domestic economy less competitive in the world markets
When insider information is circulating or when there is an arrangement between the bidders. That would cheat the purpose of competitive bidding.
gives life
ensuring fairness to potential providers improving decision making by considering a range of potential purchasing options. identifying new potential providers assisting to establish reasonable prices for services using competition to improving the efficiency and quality of service for clients
A free market economy has its advantages as well as disadvantages. Some disadvantages are that a competitive environment creates an atmosphere of survival of the fittest. Wealth is not distributed equally, and there is no economic stability.
A free market economy has its advantages as well as disadvantages. Some disadvantages are that a competitive environment creates an atmosphere of survival of the fittest. Wealth is not distributed equally, and there is no economic stability.
The disadvantage of tendering systems is that they are very competitive. The advantage to tendering systems is that they always guarantee performance.