Kelly Strong, a procurement manager, receives a quotation 5% over budget.

Comprehensive and Detailed Explanation (from CIPS L4M2: Business Case & Cost Analysis)

When the quoted price seems higher than expected and market data suggests lower costs, CIPS advises to:

Seek a detailed cost breakdown to identify which components are inflating price.

This supports negotiation and ensures transparency, aligning with should-cost analysis and cost-based negotiation methods.

Options A and C would act prematurely; B (delay) is unnecessary.

Relevant CIPS L4M2 Sections:

Cost breakdown and cost analysis

Supplier pricing transparency and negotiation preparation