Essays on Lesson 6 Assignment

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Light Estimates - Using Price Index Numbers This information can be used in estimating a reasonable price, asthe price history and the index number over a period of 5 years are available in the data. This data also helps in determining reliable volume forecasts which helps in better determination of pricing. (Roth 4) 2. My estimate of a reasonable price for the office light fixture requirement is $26.17. This price takes into consideration the current index number and allows for inflation over the years. Quality Training - Accounting for Differences 1. The offer I would select is Dayton/DC Associates’ offer.

This decision is based on qualification, professional competence (staff and equipment), financial considerations and relevant experience. Since the award criteria clearly states that the award will be made to the technically acceptable offeror with the lowest aggregate total price, Dayton/DC Associates meets these requirements better among the four offers received. 2. Washington central’s proposed price is $41,275 less than the government estimate despite the operational similarities with the government estimate probably due reduction of overhead costs as a result of lower compensation, travel and lodging requirements.

The number of offerings for the Washington, DC location is also much more than the number of offerings for the other locations. 3. The proposal of Washington independents is $39,286 less than the government estimate. I think this is as a result of differences in staff experience, equipment and the number of offerings for the Washington, DC location being much more than the number of offerings for the other locations. This may result in lower overhead costs that may have been overlooked in the government estimate. 4.

The factors that led to Los Angeles quality having the highest proposed price include differences in the firm’s target profit, perceived value and the location of the Offeror. There is also the issue of variation in price of fuel in differing geographical locations, and the number of offerings for the Los Angeles, CA location is much lower than the total number of offerings for the other locations. Works cited Roth, Alvin E. (2001) The Economist as Engineer. American Economic Review. 89(4) Print

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