PMP Exam Simulator

Philip is a project manager of a large construction company. He has been assigned to a railroad construction project. One of his responsibilities is to negotiate with all potential government subcontractors. The most important meeting with a potential subcontractor will take place tomorrow. This subcontractor's starting bid is the lowest. In addition to that, they have special equipment that would make the project less expensive. However, Philip has doubts about their ability to deliver for the promised cost and time frame. Philip has just been informed that there is a chance the project will be cancelled. What should Philip do?