hard20 pts · first answer countsproject-planningcontractsestimation

A bid far below the estimate

The independent estimate for a work package is ₹50 lakh. The lowest of four bids is ₹30 lakh; the others are ₹46 to ₹54 lakh. What should the PM do before awarding?

A.Award it at once, as it saves ₹20 lakhB.Reject the other bids as overpricedC.Check the low bidder understood scope and can deliverD.Raise the estimate to match the higher bids

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A bid far below the estimate

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