Table 3.34: Probability of Winning the Contract Build Prototype High Bid 0.4 0.6 Build Prototype Low Bid 0.8 0.2 No Prototype High Bid 0.2 0.8 No Prototype Low Bid 0.7 0.3 In addition, the payoffs of ...

Procurement and Payment Services has established contracts with vendors for a variety of products and services. Please contact [email protected] if you are interested in being on the bid ...

Buyers may also bid for goods at auctions. Companies may bid for project contracts. When a buyer places a bid, they stipulate how much they're willing to pay for a certain quantity of the asset.