Project Management

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Applying Game Theory in Project Management

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Alberto Esparragoza General Services Officer| Eni Venezuela Venezuela (Bolivarian Republic of)
One or two organizations should be hired to start a project. Since both organizations are excellent, the contracting company proposes some conditions in order to give the contract to only one of them or both. If the organization A contributes with 60% o the contract amount it is then awarded the contract and B is off; if A gives 50% ad B 50% te contract is awarded to both. If B contributes with 60% i awarded the contract and A is out. How these companies should settle the dispute arising?
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PANKAJ KUMAR JOSHI General Manager| Transrail Lighting Limited Nainital, Uttrakhand, India
There are various tools and techniques to analyse which organisation to hire. The question is not very clear. Why are you worried about the dispute between A & B organisation.
However to avoid such kind of scenario you should hire through a fair tendering process for both companies. Clarify both the companies technical and commercial requirement during prebid meeting and then open their bid after everyone got the fair chances.

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