Review sections 2.4 through 2.4.2 and 5.0 through 5.2 of the Contrat Management Body of Knowledge (CMBOK). What is the difference between cost and price analysis and when would you use the two when analyzing a contractor’s proposal? Please explain the significance of determining fair and reasonable prices during analysis and negotiation phases. Also discuss 2 of the business competencies and their importance when conducting negotiations.
Please feel free to use the university library internet videos and/or other reputable sources.
Instructions: Your initial post should be at least 250 words. Please respond to at least3 other students. Responses should be a minimum of 100 words and include direct questions.
Initial Post Due: Thursday 11:55 p.m. ETResponses Due: Sunday 11:55 p.m. ET