Which of the Following Statements About Competitive Bidding Is/are True

question 80

Multiple Choice

Which of the following statements about competitive bidding is/are true?

• A) In a competitive bidding situation, the criterion to select the contractor is always based solely on the design specifications of the job.
• B) Competitive bidding occurs when two or more companies submit a sealed bid for a product, service or project to a potential buyer.
• C) From the perspective of the bidder, quantitative factors are more important than qualitative factors in competitive bidding situations.
• D) In a competitive bidding situation, the criterion to select the contractor is always based solely on the design specifications of the job AND competitive bidding occurs when two or more companies submit a sealed bid for a product, service or project to a potential buyer.

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