To Determine the Price to Charge for the Project, the Contractor

question 83

Multiple Choice

To determine the price to charge for the project, the contractor should

• A) estimate the costs at a detailed level to make the most accurate estimate.
• B) add in extra amounts to overprice the project and make an extra profit.
• C) cut the estimates to a small profit to show how much less expensive the contractor is than other bidders.
• D) use the same prices as the actual costs of projects that were similar in duration.

Understand the significance of creating a safe environment for negotiations.

Identify the benefits and challenges associated with various conflict management styles.

Identify the various behavioral styles for conflict situations, along with the degrees of cooperation and assertiveness characteristic of each.

Understand the process of conflict resolution through a step-by-step analysis of real-life scenarios.

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Definitions:

Performance Management

A systematic process by an organization to improve employee performance through objectives, feedback, and coaching.

Goal Commitment

The determination and attachment an individual has towards achieving a specific target or objective.

Role Clarity

The degree to which individuals understand their job responsibilities, expectations, and parameters within an organization.

Jeff Gordon's Rainbow Warriors

The nickname for the pit crew of former professional stock car racing driver Jeff Gordon, recognized for their distinctive, colorful uniforms.