CLC 056 Analyzing Contract Costs





What is a fair price to the seller? - CORRECT ANSWER - A fair price for the seller means that the seller will be able to satisfy the terms and conditions of the contract. An offer that is too low is considered unrealistic. It may:

•Cut corners on the quality of the product

•Deliver the product late

•Default on delivery, forcing a time-consuming reprocurement

•Refuse to deal with the government in the future



Below-Cost Prices - CORRECT ANS...
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