Asked by nicole chenye on Apr 25, 2024
Verified
The lowest bid may not receive the order if:
A) the buyer discovers the lowest bidder is unreliable.
B) the lowest bid is higher than the buyer believes justifiable.
C) there is reason to believe the bidders colluded.
D) the lowest bid is higher than the buyer believes justifiable and there is reason to believe the bidders colluded.
E) the buyer discovers the lowest bidder is unreliable,the lowest bid is higher than the buyer believes justifiable and there is reason to believe the bidders colluded.
Colluded
Pertains to an agreement, often secretive, between parties to limit competition or deceive others, frequently seen as unethical or illegal in business practices.
Justifiable
Capable of being shown as reasonable or warranted under the circumstances.
Unreliable
Describes something or someone that cannot be depended upon; opposite of reliable.
- Identify factors that may lead to the rejection of the lowest bid in procurement processes.
Verified Answer
LS
Lakhvir Singh7 days ago
Final Answer :
E
Explanation :
All the reasons listed (unreliability of the bidder, the bid being higher than what the buyer considers justifiable, and suspicion of bidder collusion) are valid concerns that could lead a buyer to reject the lowest bid.
Learning Objectives
- Identify factors that may lead to the rejection of the lowest bid in procurement processes.