When the quotes received are well above the target range, the first course of action should be to re-evaluate the project scope with the stakeholders. This step helps identify potential areas for cost reduction without compromising critical project requirements. Sharing the target range (B) or negotiating directly (D) might not address the underlying issue of an overly ambitious or misaligned project scope. Developing in-house (C) is a significant decision that requires more strategic consideration. References: Best practices in procurement and RFQ management, cost control in project management.