Need help with business & Finance BUS 315 Cost and Price Analysis Week 2 Discussion 1 Initial Bid

“Initial Bid” Please respond to the following:

Suggest the most significant manner in which the cost of the solicitation process adds to the bottom-line in the initial bid for a government contract. Justify your response.
Determine the steps in the sealed bidding process. Next, create an argument for or against the sealed bidding process as a method of lowering the government’s potential expense for a good or service. Justify your response with one example.