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Judgment & ambiguity · Decisions under uncertainty

A competitive solicitation closes with a single responsive bid, priced above your estimate, and the program needs the service on schedule. Do you award, re-solicit, or negotiate — and how do you defend the call?

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One bid isn't automatically a failed competition, but it shifts the burden to me to prove the price is fair and reasonable without market pressure to lean on.

The full answer: structure, worked example, likely follow-up.

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