I need an explanation for this Management question to help me study.

Discussion

Deliverable Length:

450 – 550 words

Assignment Objectives:

Apply knowledge of the bid and proposal processes, including preparing the make-or-buy analysis, project bid proposal, preparing an RFP and a response, and formulating a contract strategy.

Apply the principles of contract administration, including monitoring the work of contractors, and managing project contracts.

Explain the legal and ethical considerations surrounding contracts including the risk distribution and allocation function of contracts.

Assignment Details

What kind of contract will you pursue for each of the following purchases related to this project?

Assignment Guidelines

ALSO Responded to Two Discussion Posts which will be Attached with the Class Scenario