The following bids have been received for the supply ofmotor bikes and you have already evaluated the technicaland all three were responsive. You are now evaluating thecommercial. Your preferred delivery period is 6 weeksafter contract signature.S/N BIDDER ABIDDER BBIDDER C1.K900 000.00K1 200 000.00K750 000.00COMMENTS• Bidder A quoted second highest. Their terms ofpayment were full payment after delivery. Theirdelivery period was 5 weeks after contract signature.Bidder B quoted highest. Their terms of payment were,after delivery of the motor bikes. Their delivery periodwas 6 weeks upon placement of purchase order.Bidder C quoted lowest. Their terms of payment wereafter delivery. Their delivery period was 6 weeks. Themotor bikes were ex-stock. However, they went on tosay that should the order be placed when the goodshave sold out, the delivery period was likely tochange.REQUIRED:Which supplier will be the best evaluated bidder and why?

Bidder A has the second highest betting value of K900,000.00 and has been ensured a delivery period…

Answered: The following bids have been received…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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33. Two offers were received by the broker at the same time, what action must the broker take? о Only present the offer with the least number of contingencies. О Only present the highest offer. Wait 24 hours for more offers to come in and present them all together. О Present both offers to the seller.
1.Explain how contracts help to relocate, share and spread risk. 2.How can option contracts to be used for risk management? Explain the meaning of exercise price and option fee.
Sales tax rate 7% on account to Trailor Stores, $3,248.00, plus sales tax S321 1 3 Sold merchandise Received cash on account from Jenkins & Sanders LLP, covering S312 for $945.00. R348. 5 Recorded cash and credit card sales, $1,485.00, plus sales tax, $92.14; total, $1,577.14. TS6. Received cash on account from Luxury Suites, $4,219.00, covering 5320, less a 2% discount. R349. 10 Sold merchandise on account to Southwestern University, $1,435.00. Southwestern University is exempt from sales tax. S322. 12. Received cash on account from Daniel Smith Promotions, $1,471.00 covering 5345. R350. 16. Recorded cash and credit card sales, $1,020.50, plus sales tax, $64.59, total, $1,085.09. TS7. 20 prove, and rule the sales journal. Pas the sales journal to the general ledger. Tal and prove the cash receipts journal. Pove cash. On March 31, the balance on the next unused check stub was $11,582.54. Rule the cash receipts journal. 1. Post the cash receipts journal to the general ledger.…
Subject: Procurement & Sourcing Q): How contract is establish? Q) What are the main terms of contract?
S1: Cost plus contract is a contract used on long term construction contracts in which the contractor agrees to a contract price that is fixed, either at the inception or at a fixed rate per unit of output, which in some cases may be subject to cost escalation clauses.S2: Variable contract is a construction contract in which the contractor is reimbursed for allowable or otherwise defined costs, plus a percentage of these costs or a fixed fee S1 True; S2 False Both are true Both are false S2 True; S1 False
Q: What is the purpose for providing a fair system of tendering? Explain using your own words why it is required to have a fair tendering system/process contract and support your answer with one or more example(s).
Assume Tea brands ChotooChai and BaraChai are competing brands in the market. With arrival of winter season, ChotooChai announces good promotional deals. Using ‘Comparative Statics Analysis’ of demand and supply model: a)How will the managements of the two brands study the short-run and long-run impact on Tea Sales, after the announcement of promotions in the market of Tea? B)Demonstrate and explain, with clearly labelled two panel diagrams, the ‘Rationing Function’ and the Allocating or ‘Guiding Function’ of Price
A $27.0 million mortgage loan from Bank of America fully amortizing over twenty five years at a fixed annual interest rate 6.75% with equal monthly payments and a 1% prepayment penalty has been seasoned for seven years. What will be the balloon payment due on the contract maturity date if the monthly mortgage payments continue to be paid on time? a. $24,512,618 b. $23,290,179 c. $27,000,000 d. $0
S1: Cost plus contract is a contract used on long term construction contracts in which the contractor agrees to a contract price that is fixed, either at the inception or at a fixed rate per unit of output, which in some cases may be subject to cost escalation clauses.S2: Variable contract is a construction contract in which the contractor is reimbursed for allowable or otherwise defined costs, plus a percentage of these costs or a fixed fee * A. Both are true B. S2 True; S1 False C. Both are false D. S1True; S2 False
Please answer this question: 1. Traveling requisition used for one time capital purchases. A. False B. True 2. Invitation for bid is used to buy when: A. The specifications are designed for one supplier. B. The buyer has wants a competition on the best offer, C. There is complete monopoly. D. The buyer prefers a specific supplier. 3. Spend analysis is the process of determining how much to pay for service A. False B. True
6:47 O || LTE O° ●●● 0
S1: Cost plus contract is a contract used on long term construction contracts in which the contractor agrees to a contract price that is fixed, either at the inception or at a fixed rate per unit of output, which in some cases may be subject to cost escalation clauses. S2: Variable contract is a construction contract in which the contractor is reimbursed for allowable or otherwise defined costs, plus a percentage of these costs or a fixed fee. A. S2 True; S1 False B. S1 True; S2 False C. Both are false D. Both are true

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