Proposals: Pricing Considerations
You'll learn about pricing considerations when developing proposals.
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Topics of this game:
- Generally speaking, when a contractor prepares a proposal they're competing with other contractors.
- There are four primary factors a contractor should consider when setting the price of a proposal.
- A contractor should overprice a proposed project to increase profits.
- If a proposed project is under-priced, the contractor may lose money.
- What is the most appropriate answer for this element of the proposal's Pricing Considerations? The level of confidence that the total cost of a proposed project is complete and accurate.
- What is the most appropriate answer for this element of the proposal's Pricing Considerations? If the project hasn't been undertaken before, it may be necessary to include a large amount of reserve funds.
- What is the most appropriate answer for this element of the proposal's Pricing Considerations? A proposal shouldn't exceed what the customer has available.
- What is the most appropriate answer for this element of the proposal's Pricing Considerations? If many contractors are competing for a project, it may be necessary to submit a price that includes only a small amount of profit to win the contract.
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