Division‚ asked for bids on a special corrugated box. It requested bids from one of its sister division (Thompson Division) and from two outside companies. The issue at hand is whether Northern should accept a bid from its sister division or from one of the outside companies. It should be noted that Thompsons bid is substantially higher than the bids received from the outside company. Relevant information pertaining to the three bids are provided below. 2) Thompson Division a) Bid $510 per 1000
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the salesman at Standard Machines has made a bid based upon the fix price established by his company at $429K. In this case‚ the company of Occidental Aerospace is taking bid from companies to earn the rights to their contract. Since Standard Machines was a loyal long time standing customer‚ Joan from Occidental Aerospace noticed that Scott’s bid was not in the ball park of what they were looking for. She then told Scott how much to lower his bid by to be competitive. Of course‚ since Scott
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2013 Table of Contents PART 1 – Bidding Procedures Section I. Instructions to Bidders Table of Clauses Section I. Instructions to Bidders General Scope of Bid 1.1 The Purchaser indicated in the Bidding Data Sheet (BDS)‚ issues these Bidding Documents for the supply of Goods and Related Services incidental thereto as specified in Section VI‚ Schedule of Requirements. The name and identification number of
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Conversion cost Direct labor 10100 Direct material 7500 FOH Direct labor 10100 Molding department (800*5) 4000 Finishing department =4300*120/100 5160 Prime cost 17600 Conversion cost 19260 Req (4) Bid price/ sale price Direct labor 10100 Direct material 7500 FOH Molding department ( 800*5) 4000 Finishing department =4300*120/100 5160 Total manufacturing cost 26760
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this analysis highlighted the current weaknesses and potential threats to the business‚ allowing the author to prepare contingency plans‚ which could be implemented if necessary. SECTION B – COMMUNITY OVERVIEW 1. COMMUNITY PROFILE Recommended Bid Content: · Provide an overview of the history‚ geographic location‚ population‚ demographics‚ weather profile (climatic conditions specific to the event)‚ etc. of the Host Community. Cardiff History Famous sons and daughters Cardiff has
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Facts: Martin Pariag submitted a bid for the construction of a mental health hospital. The advertisement noted that bids would be assessed on the basis of price and technical competence and that the South Regional Health Corporation would not be bound to the highest or lowest tender. Martin received a letter indicating that a decision was taken to pursue discussions with the lowest bidder. Issue: Can the SRHC go against its stated criteria for bid assessment‚ that is‚ price and technical competence
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submitting a bid to purchase property that will be sold by sealed bid at a county tax foreclosure. Muhammad’s initial judgment is to submit a bid of $5 million. Based on his experience‚ Muhammad estimates that a bid of $5 million will have a 0.2 probability of being the highest bid and securing the property for Company X. The current date is June 1. Sealed bids for the property must be submitted by August 15. The winning bid will be announced on September 1. If Company X submits the highest bid and obtains
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conclusion. Criteria | Alternatives | | I. Submit bid at list price | II. Cut Price (16 %) | III. Do not Bid | High DependabilityReasonable PriceLow Emphasis on FlexibilityPinpoint Accuracy Not Required | Advantages1. Maintain high quality image and branding of Computron.2. Keep standard markup in place – if they do win‚ it will be profitable.Disadvantages1. Price will be too high for König.2. Low chance that Computron will win the bid. – Missed opportunity‚ and the European factory may sit
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the ask/bid price quotes and asked yields for treasury bills (1) maturing on 2009/09/24‚ traded on 2008/09/24 Bid = 1.845 Ask = 1.835 Asked yield = 1.887 (2) maturing on 2010/09/23‚ traded on 2009/09/24 Bid = 0.385 Ask = 0.378 Asked yield = 0.384 (3) maturing on 2011/09/22‚ traded on 2010/09/24 Bid = .250 Ask = .245 Asked yield = .249 2. Calculate the ask prices for the above three T-bills using bank discount method. (1) Ask = 10000*(1-.01835*365/360)= $9813.951 Bid = 10000*(1-
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submitting a bid to purchase property that will be sold by sealed bid at a county tax foreclosure. Glenn’s initial judgment is to submit a bid of $5 million. Based on his experience‚ Glenn estimates that a bid of $5 million will have a 0.2 probability of being the highest bid and securing the property for Oceanview. The current date is June 1. Sealed bids for the property must be submitted by August 15. The winning bid will be announced on September 1. If Oceanview submits the highest bid and obtains
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