Evaluate the information provided on managing bids and negotiating prices, competition/bidding, and price analysis techniques

Address the following based on the Woods Hole Oceanographic Institution (2018) reading for this week. This reading provides a real-world example of purchasing and bid requirements.

1. Evaluate the information provided on managing bids and negotiating prices, competition/bidding, and price analysis techniques.
2. Discuss how this information may be useful on a project with which you are familiar, or on one that you have researched.
3. Support your positions with at least one current (no older than five years) scholarly source, beyond the course materials and textbooks. The initial response should be 300-350 words and in APA format.

link for assignment: https://www.whoi.edu/procurement/managing-bids-negotiating-prices