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Bingel [31]
4 years ago
6

Taylor is a procurement specialist for Hillside Corporation. He is reviewing contracts, and notices a pattern between three part

icular contractors. Contractor A bid the lowest on the first job, Contractor B bid the lowest on the second job, and Contractor C bid the lowest on the third job. All three contractors bid on all three jobs. Which of the following is a potential scheme perpetrated by these contractors?
a. Bid tailoring
b. Bid rotation
c. Complementary bids
d. Phantom bids
Business
1 answer:
aleksandr82 [10.1K]4 years ago
7 0

Answer:

B

Explanation:

Bid rotation is when contractors collude and  take turns in winning a bid. Colluding contractors submit bids but take turns being the low bidder.

Bid-tailoring is when an employee in collusion with a contractor tailors bid specifications to give an unfair advantage to a certain contractor.

Complementary bids are bids intended only to give the appearance of a genuine bid. Colluding  bidders submit higher priced or deliberately defective bids to in order to ensure the selection of the designated winner at inflated prices.  

Phantom bids are fake bids

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Which method of project selection gives consideration to the time value of money in a capital budgeting decision?
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Answer:

D. Discounted cash flows method.

Explanation:

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Also it provides the consideration with respect to the times value of money while taking decision related to capital budgeting

hence, the correct option is D

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3 years ago
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Now the shipping errors is

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