The policy used when contracts are awarded as a result of tender is____________
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Correct Answer: Option C
Explanation:
Bid pricing is used when businesses submit prices for contracts, particularly where several suppliers are competing for the same contract. The bidder considers costs and the desired profit before determining the price to submit.
Bid pricing is used when businesses submit prices for contracts, particularly where several suppliers are competing for the same contract. The bidder considers costs and the desired profit before determining the price to submit.