1.Price for the commodity in current market changed due to change in demand/supply for it
2.Procurement SOW created by buyer was not clear enough for seller to make out the requirement
3.Procurement SOW created by buyer was clear but seller understood it incorrectly resulting lower bids
4.Bid document supplied by seller is having formula mistake resulting in lower bid
Correct Answer Option 1.
I think option 2.May be bidder misunderstood the requirement.
Can Manish explain please!
I would go for Option 1. That seems most appropriate to me.
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