1. Marvin was the Chief Executive Officer forhis association. Every one of the choices of his association which ought to betaken where absolutely under his control. Some time recently, he used to offerprecisely at the settled cost contracts which thought to be for the most partshort contracts which haven’t demonstrates the affiliation progression rateHigh emerged from substitute relationship in the market. In the end they haveanother open door for long time which was not a brief contract.
They can get highpay from the new contract when contrasted with the previous one. In anycircumstance, Marvin and his gathering needs to consider that they ought toperceive the customer’s necessities if not his contact aren’t any morecontinued with a customer. This can help Marvin to make his associationclimbing the methods which a high winning extent. Likewise, this will help histemp to get move in the remuneration which a high spending wanders Company shouldbe able to analyze the profit rate or loss rate. They should check the abilitywith the manpower and funds they have. Theyhave to recheck the past profit bid and loss bid according to that they can estimatethe future projects.
2. Before offering on the task Marvin and hisgroup should check a portion of the elements like: • What is the probability of winning on the offchance that they offer on this venture?• Can they make benefit by offering in thisventure?• Do they have right presentation and labor in theassociation to get benefits?• By offering on this, will the organization getgreat presentation or will the organization get new customer relationship. After checking everything clearly about theproject and the client. If they think that they can get good profits and morehighly paid projects through this, then they can bid on the project.
If theythink by bidding on this they can’t get more long term projects then it isbetter for Marvin and his team to quit the bid.Conclusion:As per the Discussion, Bidding on the project is good inparticular case where by this bidding the company should get more opportunitiesand more profit rates, If not it’s better to quit the bid.