Cost and Price Analysis Initial Bid

• Suggest the most significant manner in which the cost of the solicitation process adds to the bottom-line in the initial bid for a government contract. Justify your response.
• Determine the steps in the sealed bidding process. Next, create an argument for or against the sealed bidding process as a method of lowering the government’s potential expense for a good or service. Justify your response with one example.

Please include references. This is our text book topics in chapter 2

I need the answer for a week discussion. no need to write an esay. only answer the question will be enoght and provide references please.

Murphy, J. E. (2009). Guide to contract pricing: Cost and price analysis for contractors, subcontractors, and government agencies (5th ed.). Vienna, VA: Management Concepts