How to Encounter Client Lowest Bidding Strategy for Similar Projects?
In bidding and tendering, we have mainly three types of pricing; actual cost, risk-averse cost and mark up price. This article is not discussing the mark up price which is the difference between the cost of a good or services and its selling price. It is discussing the pressure to reduce the total bid price to win the bid. This pressure usually comes from not winning new work after certain time. One unique situation is when the client is having a good strategy to […]
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