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Lion Kwan
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When it comes to price comparison on various vendors' quotation it's good to collate all returned quotations into a single spreadsheet and put the respective items side by side.
Once the alignment is done, you are able to compare the final price no matter what discount rate the vendor provides. Do an apple to apple comparison.
Compare the quotation item by item with same exchange rate, category, discount structure, logistics charges, professional services etc.
In Asia, pricing is an unique item. There are many different countries in this region. Countries such as Thailand, Singapore, Hong Kong, Malaysia, Korea, Japan and so forth. Thus there are many taxation, currencies exchange rate issues that not many locations have. Thus in a quotation, a proper cost comparison is required.
Ultimately, how much the project needs to pay is crucial. Which vendor is offering the best deal and can offer furthest cost reduction is important. However, low price quotations may or will come in with low quality. Thus project manager got to balance the constraints.
There is certain amount of margins that the vendor has to make. However, the margin should be justifiable and should not be letting the vendor had the lion's share.
Once the project kick-starts, project managers needs to track the project expenditure. Ensure there is no over spent on the project budget.
There will be many explanations if the spending is higher than the budget. Project Manager will have to answer to the Business Sponsor for the additional investment.
Discussion and effective negotiations are VERY important to get the deal win with low cost at the very initial stage.
Business Sponsor is easier to invest after you had made the necessary price comparison and valid justification.
Dennis Kwan is a trainer, speaker, author.
Dennis likes to share his experiences and views with readers. If you like to receive more of his unrevealed articles. Please visit his website http://www.dennis-kwan.com
Cheung Chau, More To Offer Than Its Size
Cheung Chau is an island situated in Hong Kong. Cheung Chau is a rather tiny island spanning an area of only 2.45 square kilometers. The island is in the shape of a dumbbell, with much of the population concentrated towards the south of the island. The northern side of the island contains much of the hills that can be found on this island. The name Cheung Chau when translated from Cantonese is Long Island. So if one were to say Cheung Chau Island it would actually mean "Long Island" Island. If one were to go 10 km southwest of Hong Kong Island, one would arrive at Cheung Chau.
Cheung Chau has many temples on the island. One of the oldest temples in Hong Kong, the Pak Tai, resides on the island. Four pairs of lions guard the entrance to the temple; these are not actual lions but statues. Statues of two generals wait in front of the altar, Favorable Wind Ear and Thousand Miles Eye. These two generals according to tradition are said to be able to see and hear anything. Cheung Chau also has four temples dedicated to Tin Hau and also a temple dedicated to Kwan Tai. Kwan Tai is the god of justice, the temple is a traditional one, and the temple is called Kwan Kung Chung Yi Ting.
Cheung Chau is said to be the supposed secret hideout of the famous nineteenth century pirate, Cheung Po Tsai. A Hong Kong monument, the Rock carving at Tung Wan Beach can also be found here. The Cheung Chau Bun Festival is a colorful seven day festival with many people participating in the parades.
If one is looking for a Hotel in Hong Kong there are many places one can see. Yet a contemporary hotel at Hong Kong such as the Hotel Jen can be found on Hong Kong Island.
About the Author
Pushpitha Wijesinghe is an experienced independent freelance writer. He specializes in providing a wide variety of content and articles related to the travel hospitality industry.
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US $1,999.00