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08 Jul 2015, 09:24
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D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
73% (01:43) correct
27%
(02:02)
wrong
based on 1105
sessions
History
Date
Time
Result
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Executive: The process of submitting bids for architectural contracts should be restructured because when a contractor bids for a contract, the contractor is acutely aware that other contractors will be submitting bids for the same contract. Therefore, the amount of a bid is not an accurate gauge of how much a contract is actually worth.
Which of the following is an assumption made in drawing the conclusion above?
A. Contractors often charge outrageous amounts for even simple architectural projects.
B. An alternative method for awarding architectural contracts already exists.
C. Some contractors who compete for land management projects do so by systems other than submitting bids.
D. Some architectural contractors base the amount of their bids on factors other than the amount of money necessary to complete the contract.
E. The information provided to those who hire contractors is not sufficient for them to decide which contractor to hire.
Which of the following is an assumption made in drawing the conclusion above?
A. Contractors often charge outrageous amounts for even simple architectural projects.
B. An alternative method for awarding architectural contracts already exists.
C. Some contractors who compete for land management projects do so by systems other than submitting bids.
D. Some architectural contractors base the amount of their bids on factors other than the amount of money necessary to complete the contract.
E. The information provided to those who hire contractors is not sufficient for them to decide which contractor to hire.
A. No. In fact, the argument implies that architects are underselling themselves in order to win contracts.
B. No. Why else would the Executive be asking for a new process?
C. No. This is out of scope, since the executive is speaking about those contracts that do go through the bidding process.
D. Yes. If this were not the case, then contract bids would necessarily be accurate gauges of the contracts' worth.
E. No. The information is not at issue; the value of the contracts compared to the value of contract bids is.
B. No. Why else would the Executive be asking for a new process?
C. No. This is out of scope, since the executive is speaking about those contracts that do go through the bidding process.
D. Yes. If this were not the case, then contract bids would necessarily be accurate gauges of the contracts' worth.
E. No. The information is not at issue; the value of the contracts compared to the value of contract bids is.
nightblade354
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Expert reply
30 Jul 2018, 06:39
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Executive: The process of submitting bids for architectural contracts should be restructured because when a contractor bids for a contract, the contractor is acutely aware that other contractors will be submitting bids for the same contract. Therefore, the amount of a bid is not an accurate gauge of how much a contract is actually worth.
Conclusion is in blue
Diagram: Contractor knows they are bidding against each other -- leads to inaccurate price because they either short it or make it too large. Why is this? Because they are looking at other factors other than price. If they were looking at just the cost of the project, every bid would be fair and the same most likely
Which of the following is an assumption made in drawing the conclusion above?
A. Contractors often charge outrageous amounts for even simple architectural projects. -- Negation: Contractors DO NOT often charge outrageous amounts for even simple architectural projects. So what? So they overcharge sometimes. They might undercharge sometimes. How does this break our conclusion? It doesn't.
D. Some architectural contractors base the amount of their bids on factors other than the amount of money necessary to complete the contract. -- Negation: No architectural contractors base the amount of their bids on factors other than the amount of money necessary to complete the contract. This says that they DO give an accurate gauge on cost and thus destroys the conclusion!
For negation: some -- none; some -- all
few -- most
Conclusion is in blue
Diagram: Contractor knows they are bidding against each other -- leads to inaccurate price because they either short it or make it too large. Why is this? Because they are looking at other factors other than price. If they were looking at just the cost of the project, every bid would be fair and the same most likely
Which of the following is an assumption made in drawing the conclusion above?
A. Contractors often charge outrageous amounts for even simple architectural projects. -- Negation: Contractors DO NOT often charge outrageous amounts for even simple architectural projects. So what? So they overcharge sometimes. They might undercharge sometimes. How does this break our conclusion? It doesn't.
D. Some architectural contractors base the amount of their bids on factors other than the amount of money necessary to complete the contract. -- Negation: No architectural contractors base the amount of their bids on factors other than the amount of money necessary to complete the contract. This says that they DO give an accurate gauge on cost and thus destroys the conclusion!
For negation: some -- none; some -- all
few -- most
General Discussion
30 May 2017, 00:40
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Bookmarks
Straight D
D correctly gives reason why the the value of contract can no be deduced from bid.
It tells us there are other reasons apart form the money needed to complete the project to base the bid .
Therefore the true value of the project can not be deduced from bidding
D correctly gives reason why the the value of contract can no be deduced from bid.
It tells us there are other reasons apart form the money needed to complete the project to base the bid .
Therefore the true value of the project can not be deduced from bidding
