Competitive bidding

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Reference no: EM1334513

Which condition clearly indicates that negotiation is preferred over competitive bidding?

(a). Dollar volume of the potential buy is very large,

(b). Product isn't actually needed until five months into the future,

(c). Each firm that is competing is a technical giant in the field,

(d). There will be substantial pre-production engineering and tooling required.

Reference no: EM1334513

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