Competitive bidding should be used when:
A)There is only one qualified supplier.
B)Product innovation is more important than price.
C)The spend is small.
D)Product specifications are known and clear.

Question

Quizplus · Accepted Answer

Competitive bidding should be used when product specifications are known and clear, as it allows suppliers to submit their bids based on the same specifications and provides a fair and transparent process for selecting a supplier. If the specifications are not clear, the bidding process may not provide accurate or comparable bids.

Competitive Bidding Should Be Used When