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Email from project manager to financial officer: Did all three bids
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Updated on: 29 Oct 2023, 02:07
Expert Reply
Email from project manager to financial officer August 3, 9:43 a.m.
Did all three bids arrive on time last night? We need to minimize delays on construction, so if the contractors have submitted their estimates and our research team has compiled reports on the contractors’ histories, we should make a decision on which firm to hire by the end of the day.
Email from financial officer in response to the project manager’s August 3, 9:43 a.m. email August 3, 10:12 a.m.
Appaloosa Construction sent us a bid of $1.35 million. Its bid is the highest of the three, but its track record is spotless; none of the past 10 major projects it has worked on has gone over budget by more than 4 percent. Breton Construction did manage to underbid them—its representative claims that it can do the project for $1.25 million. However, in the past two years, Breton oversaw two different projects that went over budget by a full 25 percent. If our project were to exceed Breton’s estimate by a comparable percentage, we would run out of funds before completion. Finally, Campolina Construction presented a $1.1 million plan, and its track record is as good as Appaloosa’s. Unfortunately, although Appaloosa and Breton can both start tomorrow, Campolina would be unable to begin work until August 25, so we cannot accept Campolina’s low bid.
Email from project manager in response to the financial officer’s August 3, 10:12 a.m. email August 3, 10:38 a.m.
Even though Breton’s work could potentially cost less than either of the other two, that savings does not justify the risk of being unable to complete the project. But as far as Campolina is concerned, you’re not considering the actual cost of a delay. It’s true that we are losing money at a constant rate each day we don’t start building. But even after factoring in the losses of waiting until August 25, the estimated cost of working with Campolina still ends up $50,000 below Appaloosa’s bid.
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1. Consider each of the following statements. Does the information in the three emails support the inferences as stated? Choose Yes if the statement can be accurately inferred; otherwise, choose No.
Yes
No
In making their decision, the project manager and the financial officer considered how much time the contractors would spend on construction.
The project manager and the financial officer disagree about the best choice of contractors for completing the project.
The project manager is willing to wait a few days before deciding on Campolina’s bid.
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Re: Email from project manager to financial officer: Did all three bids
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11 Dec 2023, 13:34
I didn't find 'The project manager and the financial officer disagree about the best choice of contractors for completing the project.' Yes in the question. Would you please help explain? I don't think any decision has been made so how would there be any disagreement or not?
Re: Email from project manager to financial officer: Did all three bids
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11 Dec 2023, 23:40
Expert Reply
JoeAa wrote:
I didn't find 'The project manager and the financial officer disagree about the best choice of contractors for completing the project.' Yes in the question. Would you please help explain? I don't think any decision has been made so how would there be any disagreement or not?
Please read carefully; the second and third tabs both contain the disagreement between the two.
Re: Email from project manager to financial officer: Did all three bids
[#permalink]
12 Dec 2023, 14:40
Sajjad1994 wrote:
JoeAa wrote:
I didn't find 'The project manager and the financial officer disagree about the best choice of contractors for completing the project.' Yes in the question. Would you please help explain? I don't think any decision has been made so how would there be any disagreement or not?
Please read carefully; the second and third tabs both contain the disagreement between the two.
Thank you
I think tab two showed the standpoint of the financial officer and tab three showed the PM disagreed. But then there's no extra reference telling the FO disagreed with what the PM is telling?
Re: Email from project manager to financial officer: Did all three bids
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14 Dec 2023, 01:00
Expert Reply
We need to know is there any disagreement exists or not.
JoeAa wrote:
I think tab two showed the standpoint of the financial officer and tab three showed the PM disagreed. But then there's no extra reference telling the FO disagreed with what the PM is telling?
Re: Email from project manager to financial officer: Did all three bids
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13 Feb 2024, 10:09
Expert Reply
ChayanikaM wrote:
Can Someone explain the second question?
Campolina Construction presented a $1.1 million plan, which is 0.25 less than Appaloosa's bid.
But, due to delay of almost 22 days, the cost of C's cost becomes onle 0.05 less. Thus 22 days delay cost around 0.20 million or 200,000/22 or 10,000 nearly _________________