If the Government Wants to Contract a Very Large Scale

question 96

True/False

If the government wants to contract a very large scale project with significant uncertainty about what the final cost will be; often a cost-plus contract is awarded to attract qualified contractors who may otherwise not be willing to accept the risks inherent in a guaranteed bid price.

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Definitions:

Grant Proposals

Written requests or applications for funding, typically submitted to organizations or governmental bodies that offer financial support.

Investment Proposals

Detailed plans or suggestions put forward for consideration or discussion, especially one aimed at achieving returns on invested capital.

Solicited Proposals

These are proposals requested by an organization or individual, usually in response to a specific need or requirement they have published.

Sales Proposals

Detailed written offers aimed at persuading a prospective client or customer to purchase a product or service.