Marvin's Company Decide Not To Bid
In today’s highly competitive market, Companies need to win the bid's to survive. They must be able to deal with various number of bidding situations successfully. Before deciding on a competitive strategy to win the bid, first thing that the company need to consider is whether to bid or not to bid. To make a decision to bid or not, the company need to consider their human resources, time and cost.
The company cannot make decision only on the probability of winning the bid, but also they need to consider the possibility that they can accomplish the project successfully following the agreement. In this competitive bidding process, number of companies are selected by the client to bid for the proposed project. Decision making can be affected by the project …show more content…
What other factors should Marvin and his team consider?
If marvin’s company decide not to bid the project, they loose great opportunity. on the other hand If the company decide to bid, Marvin need to submit an estimated price which is preferred by the client to win the bid. Making an incorrect decision would lead the marvin’s company to loose their operating capacity, reputation of the company and their capital. Marvin and his team need to consider a large number of relevant factors to achieve the decision. Major factors to be considered are as follows:
1. Does the Marvin and his team understand the project objectives and what they need to do?
2. Does the company have a solution which help the client achieve its mission and project objectives?
3. Does the company have a relationship with the client before?
4. Does the marvin’s team know who they are competing against and can they beat their competitors?
5. Does the company have a teaming strategy and can they get the right sub-contractors?
6. Does the marvin’s team know what price they need to bid to win?
7. If they win the bid, can they achieve its profitability?
8. Does the company have a convincing win strategy?
2. Should they bid on the
The company cannot make decision only on the probability of winning the bid, but also they need to consider the possibility that they can accomplish the project successfully following the agreement. In this competitive bidding process, number of companies are selected by the client to bid for the proposed project. Decision making can be affected by the project …show more content…
What other factors should Marvin and his team consider?
If marvin’s company decide not to bid the project, they loose great opportunity. on the other hand If the company decide to bid, Marvin need to submit an estimated price which is preferred by the client to win the bid. Making an incorrect decision would lead the marvin’s company to loose their operating capacity, reputation of the company and their capital. Marvin and his team need to consider a large number of relevant factors to achieve the decision. Major factors to be considered are as follows:
1. Does the Marvin and his team understand the project objectives and what they need to do?
2. Does the company have a solution which help the client achieve its mission and project objectives?
3. Does the company have a relationship with the client before?
4. Does the marvin’s team know who they are competing against and can they beat their competitors?
5. Does the company have a teaming strategy and can they get the right sub-contractors?
6. Does the marvin’s team know what price they need to bid to win?
7. If they win the bid, can they achieve its profitability?
8. Does the company have a convincing win strategy?
2. Should they bid on the