A paving contractor wants to work on road construction contracts administered and paid for by the state government.The contractor submits a sealed proposal to the state department of transportation for each construction job.The proposal contains a description of how the contractor will fulfill the specifications for the job at a specified price.The contractor is engaging in:
A) odd-even pricing.
B) prestige pricing.
C) leader pricing.
D) bid pricing.
E) price lining.

Question

Quizplus · Accepted Answer

Bid pricing means offering a specific price for each possible job rather than setting a price that applies for all customers.

A Paving Contractor Wants to Work on Road Construction Contracts