Scott is writing the budget section of a proposal on funding for a concert,"Music for a Cause." After careful calculation,he has found that a total of $12,000,000 will be required for the event.Which of the following does he need to do which will help him win the bid?
A) State an amount lower than $12,000,000 which will increase his chances of winning.
B) Exclude less obvious costs such as overhead which can be negotiated.
C) Avoid including costs that will be paid from other sources since they are irrelevant.
D) Ask for $12,000,000 since it is required for the event to be successful.
E) Find out what others are bidding and quote a budget accordingly.

Question

Quizplus · Accepted Answer

While preparing the budget section for a proposal, it is important to calculate figures conservatively. One should ask for everything required to do the job and also include less obvious costs and costs paid from other sources. This helps indicate that other sources have confidence in the work as well.

Scott Is Writing the Budget Section of a Proposal on Funding