You are the project manager negotiating a contract with a vendor. Your project has fixed deadlines due to regulatory reasons, but you have some flexibility in terms of budget. What is the best negotiation strategy to adopt in this situation?
Negotiate an average delivery time with moderate costs, aiming for a balanced approach.
Focus on minimizing costs as much as possible, even if it means negotiating longer delivery times.
Insist on the lowest possible bid from the vendor, prioritizing budget over all other project constraints.
Emphasize on the importance of meeting the project timelines, even if it means negotiating higher costs within budgetary limits.