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Challenge of delivering accurate cost estimation

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Reference no: EM13225221

Explain the challenge of delivering accurate cost estimation when working in harsh geographical conditions.

1. The original bidding process favored the lowest project construction bids using a "fixed price" contract. What are the advantages and disadvantages to the Indian government when using this type of bidding process?

2. How did it contribute to gross underbids and successive cost escalations?

Reference no: EM13225221

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