CB03: Essential Considerations for Suppliers Submitting Bids
The bidding process requires suppliers to understand costs and the challenges of bidding smart when looking at the product category and the bid ceiling. How can a supplier be sure to incorporate all of the various costs when determining a bid price for a lead item? How does the lead item bid impact all non-lead items in a product category and why this is important. How will this impact other payers fee schedules?
Learning Objectives: Understand the factors that must be evaluated when preparing and submitting a bid.
o Understanding supplier costs
o Impact of lead item to non-lead items
o Cost calculator
o Bid calculator
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