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An examination of advertised bidding in military procurement. The data are based on 2300 contracts let under formal advertised precedures. The authors discuss the advantages, which include prevention of fraud and favoritism and the provision of esqual opportunity for all prospective suppliers, and the disadvantages, which include higher prices and too few bidders. Several modifications are suggested to improve the process. An examination of advertised bidding in military procurement. The data are based on 2300 contracts let under formal advertised procedures. The authors discuss the advantages, which include prevention of fraud and favoritism and the provision of equal opportunity for all prospective suppliers, and the disadvantages, which include higher prices and too few bidders. Several modifications are suggested to improve the process. 31 pp.

This report is part of the RAND Corporation research memorandum series. The Research Memorandum was a product of the RAND Corporation from 1948 to 1973 that represented working papers meant to report current results of RAND research to appropriate audiences.

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