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The Shipping Corporation of India Ltd. Administration DepartmentTENDER REF. NO.:Admin/ClgSecMisc/2019 Tender for appointment of contractor for providing office services and execution of contract for
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Identify all costs associated with the project or decision.
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Identify all benefits associated with the project or decision.
03
Assign a monetary value to each cost and benefit.
04
Calculate the net present value of the costs and benefits.
05
Compare the net present value to determine if the project is economically feasible.

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Businesses considering a new project or investment.
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Cost benefit analysis is regarding a systematic approach to estimating the strengths and weaknesses of alternatives in order to determine the best course of action.
Cost benefit analysis may be required to be filed by government agencies, corporations, or any entity considering a major decision or project.
Cost benefit analysis can be filled out by analyzing the costs and benefits of a decision or project, assigning a monetary value to each, and comparing them to determine the best option.
The purpose of cost benefit analysis is to provide a clear comparison of the costs and benefits of a decision, helping to inform stakeholders and decision-makers.
Cost benefit analysis should include information on the costs and benefits of each alternative, the methodology used to assign monetary values, and the justification for the chosen option.
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