Explain the four principles of profit analysis. Why is profit/fee such an issue in pricing proposals? What factors should be considered when reviewing a contractor’s request for profit? Why?
Expert Answer
Below are the factors which must be considered by the contractor for developing the proposal price:
· Reputation
In today’s marketplace wherein the competition is fierce, it is imperative for the contractor to safeguard client’s reputation as well as his because while conducting business word of mouth plays a key role.
· Capital
This aspect has to be
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