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Defining No-Bid Contracts: A no-bid contract, also known as a sole-source or non-competitive contract, is an agreement between a government agency and a vendor without a formal competitive bidding process. In contrast to competitive contracts, where multiple vendors submit proposals, these contracts involve direct negotiations with a specific ...
- Introduction
- Basic Concept of Fuzzy Sets Theory
- Method and Algorithm
- Translate Back to Linguistics
- An Illustrative Example
- Conclusions
Projects and project management are the wave of the future. The development of a comprehensive proposal for a large project should itself be treated as a project itself for a contractor whose business depends on creating winning proposals in response to business or government requests for proposals (RFP). Thus, it is important to develop a winning ...
For the purpose of application, the basic properties of fuzzy sets theory needed in this study are introduced, and more discussion can be found in Kaufmann and Gupta (1991).
In this section, a method for bid/no-bid decision using fuzzy sets is proposed. This approach can take into account the decision-makers’ rating the effect of each factor and tradeoff importance among various evaluation criteria in the aggregation process to assure a more convincing and accurate decision-making. The first part is to evaluate and obt...
Once the estimated project’s fuzzy possible success rating has been obtained, one can further approximate a linguistic label whose meaning is the same as (or closest to) the meaning of FPSR from the natural language expression set of possible success (PS). There are basically three techniques: (a) Euclidean distance, (b) successive approximation, a...
In this section a bid/no-bid decision is cited to demonstrate how the proposed method can be implemented numerically. Suppose a committee comprised of three experts is formed to conduct the bid/no-bid decision. The first step that the committee has to do is to identify and classify the criteria for decision-making. Suppose the committee selects the...
The development and preparation of a proposal takes time and can be costly. Furthermore, submitting a lot of non-winning proposals in response to request for a proposals can damage a contractor’s reputation. To prevent dissipating an organization’s energies in preparing losing proposals, a bid/no-bid decision must be made within the context of the ...
Dec 8, 2021 · Since contractors must go to the open market to procure DBA insurance, they need to get quotes for this coverage prior to submitting bid proposals. If a contractor estimates their DBA cost at 5% of payroll and win the contract, but then the market changes the rate to 15%, this may directly affect their profit margin.
Jan 11, 2024 · Deciding which contract opportunities to pursue and which to pass can be daunting and time-consuming for government contractors. Here, we’ll explore the intricacies of making informed bid or no-bid decisions in government contracting with the goal to provide you with the knowledge needed to identify and seize the most suitable opportunities, ultimately enhancing your success in this competitive arena.
Flexibility in Negotiations: No-bid contracts offer flexibility in negotiations between the government and the vendor. The absence of a competitive environment allows for tailored agreements that meet the specific needs of the project, fostering collaboration and mutual understanding.
No-bid contracts, sometimes referred to as sole-source contracts, are a novel and frequently contentious form of procurement in the field of federal government contracting. Unlike other government contracts, which are often awarded through a competitive bidding process, these contracts are not awarded through this method.
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May 20, 2021 · In seeking to construe a clause in a Contract, there is no scope for adopting either a liberal or a narrow approach, whatever that may mean. The exercise which has to be undertaken is to determine what the words used mean. It can happen that in doing so one is driven to the conclusion that clause is ambiguous, and that it has two possible meanings.
