By Participating in Pre-RFP Meetings, a Contractor May Gain Budget

question 112

True/False

By participating in pre-RFP meetings, a contractor may gain budget intelligence and be able to submit a project proposal with a more appropriate level of effort expected.

---

Definitions:

Fixed Asset

A fixed asset is a long-term tangible piece of property or equipment that a firm owns and uses in its operations to generate income, and is not expected to be consumed or converted into cash within a year.

Short-Term Debt

Financial obligations that are due to be paid within one year or less.

Cash Flow

The net amount of cash being transferred into and out of a business, critical for assessing its liquidity, operational efficiency, and financial health.

Creditors

Individuals or institutions to whom money is owed by a debtor.