Asked by Allyson Morgan on Jun 16, 2024
Verified
If identical bids are received,the buyer might choose to:
A) reject all bids.
B) initiate an investigation.
C) negotiate with one or more suppliers.
D) reject all bids and initiate an investigation.
E) reject all bids and negotiate with one or more suppliers.
Identical Bids
Offers made during a procurement process where two or more suppliers propose the same terms and price for goods or services.
Initiate
To start, commence, or begin a process, activity, or event.
- Understand fair conduct towards suppliers in the context of competitive bidding environments.
Verified Answer
TW
Travis WoernerJun 18, 2024
Final Answer :
E
Explanation :
If identical bids are received, it indicates a lack of differentiation among suppliers. Therefore, the buyer may choose to negotiate with one or more suppliers to gain additional value from the competition. Rejecting all bids or initiating an investigation may not necessarily address the issue of identical bids.
Learning Objectives
- Understand fair conduct towards suppliers in the context of competitive bidding environments.
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