Technical and Cost or Price Evaluations and Price Reasonableness Research Paper

Technical and Cost or Price Evaluations and Price Reasonableness - Research Paper Example This aspect is anchored in the construction company’s policy framework given the benefits which accrue from practicing transparency within the firm. This takes the form of corporate social responsibility at a firm’s level. At the individual level, each person at within the organization is expected to uphold justice, integrity and workplace etiquette. According to American Society of Civil Engineers (2012), the application of fairness and integrity during the technical evaluation results in successful project completion. Integrity is an ethical aspect, which both the natural and corporate persons ought to practice in technical evaluation. This virtue incorporates many ethical values; hence it is a pillar in any successful firm. In fact, most organizations maintain high standards of ethics in the society in order to remain relevant and to enhance the organization’s going concern. Ethical compliance organizational and financial prowess often propels organizations to great heights in business performance. This will help in the achievement of the goals; the returns of firms increase and the shareholder wealth will be created with ease. Technical evaluation and the factors used to determine the competitive range Technical evaluation influences many factors, which determine the competitive range of a particular contract. ... The compliance to fairness, justice and integrity during project evaluation depends on the leaders holding the whims of power. All stakeholders focus on the actions and demeanor of their leader. According to Hansen& Zenobia (2011), technical evaluation enables a company to have a competitive advantage. This has been operating efficiently due to strategic operation management. The technical evaluation culminates in the achievement of a competitive advantage due to the customization of contract services. Technical evaluation culminates in the competitive advantage of a contractor. The market forces determine the prices of contract services in the market. Free trade is not appropriate for developing countries. This is because free trade will make the contractors for the poor to compete internationally with the stable companies. This will further impoverish these companies. Sears, Sears & Clough (2010) assert that regulation in the market may be equal but the financial and economic capab ilities of these companies vary. In the absence of government intervention in the private sector often low income countries, which majorly constitutes of small-scale companies and farmers, will lose their production of the stable international companies. The creation of wealth starts from the protection of the little wealth a nation or individual owns. Trevin?o & Nelson (2011) further posit that free trade results in the flow of skilled workforce from the poor countries to the rich nations because of favorable remuneration. In this regard, the free trade exposes the poor nations to exploitation because foreign investment in poorer countries will deprive the poor of income. Services delivered by the