Response 1: Minimum 200 Words - What Other Factors Should Ma

Response 1 Minimum 200 Words1 What Other Factors Should Marvin And

What other factors should Marvin and his team consider? In the event that Marvin's organization rules against offering for this activity, they should consider the advantages acquired by some other organization by proceeding with the offer and endeavor to justify on the off chance that it is a decent choice to release the offer. The significant reason is Marvin's organization is not the main organization which needs to distribute its detail cost examination of the task to the customer, yet in addition all organizations need to display this cost investigation for the offer they take up. Since the benefit for this situation is less as it isn't a settled value bundle, Marvin must choose on the off chance that he ought to proceed with the choice to offer for this venture as the sort of agreement is taken a toll reimbursable where every one of the expenses are paid for the organization itself. Marvin needs to precisely represent any misfortune in mark notoriety for his organization in the event that it doesn't partake in the offer as this would specifically mean lesser customers for his firm on the off chance that his notoriety reduces.

Marvin's organization needs to complete a nitty gritty money related investigation if there is an approach to get more overall revenue by following the customer cost display since it is a long haul contract for at least ten years. (Kerzner, H.: Should they bid on the job? The most vital of the vital variables to consider offering for the activity is to consider this is the most noteworthy contract contrasted with every single other assertion that Marvin's organization at any point got in its history. As it is an agreement with a noteworthy customer, this will help pull in more customers as the notoriety of Marvin's organization will increment on taking this agreement. Marvin's organization can exploit the cost reimbursable system by displaying a point-by-point breakdown of the costs required to the customer and advance a go beyond in the planning procedure.

Additionally, it is basic that Marvin's organization considers every one of these components so they get a fruitful offer at work. (Jones, K. 2017)

Paper For Above instruction

When considering whether Marvin's organization should proceed with bidding on a significant contract despite internal rules against it, multiple factors must be taken into account. This complex decision involves financial, reputational, and strategic considerations that could impact the organization both immediately and in the long term.

Firstly, a critical factor is the comparative advantage of securing this contract against the risk of damaging the firm's reputation. As detailed, the contract represents the most substantial opportunity in the company's history, potentially elevating its stature and attractiveness to future clients. Such a large agreement can serve as a critical stepping stone, demonstrating the company's capabilities and reliability in managing extensive, long-term projects. Furthermore, executing a successful bid could lead to increased market share and higher visibility within the industry, leveraging the reputation boost from securing a prestigious client.

Secondly, the financial analysis plays a vital role. Marvin's team should conduct a detailed cost-benefit analysis, factoring in not just immediate expenses but also projected long-term revenue streams. Since the contract spans at least ten years, the organization must evaluate whether the expected profits outweigh the risks associated with cost overruns, unanticipated expenses, or fluctuations in project scope. A cost-reimbursable contract, where every incurred cost is billed to the client, can provide financial stability and transparency, but also necessitates meticulous record-keeping and risk management to prevent losses.

Additionally, the organization must consider the competitive landscape and pricing strategies. In a cost-reimbursable contract, setting an appropriate profit margin is crucial. Marvin's team should explore whether offering a detailed and transparent cost breakdown can position their bid favorably while building trust with the client. This transparency can foster a collaborative relationship, potentially leading to future opportunities.

Another factor involves organizational capacity and expertise. Marvin's firm should evaluate if it possesses the operational capabilities to handle the scope of the contract efficiently. This includes assessing workforce skills, logistical resources, and project management systems. Overextending can lead to delays or quality issues, damaging the firm's reputation despite the short-term gains.

Lastly, the potential risks around brand perception and stakeholder trust must be acknowledged. If the organization proceeds with the bid and wins, it can enhance its profile. Conversely, if it proceeds against internal policy and experiences failure or controversy, it risks internal discord and external criticism. Therefore, transparent decision-making and clear alignment with organizational values are paramount.

In conclusion, Marvin's organization should balance the opportunity for substantial long-term gain against the inherent risks and strategic considerations. A comprehensive evaluation encompassing financial analysis, organizational capacity, market positioning, and reputation management is essential to making an informed decision that aligns with overall strategic objectives.

References

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• Jones, K. (2017). Strategic Contracting in Construction Projects. Journal of Construction Engineering and Management.
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