Competitive Bidding and How to Make It Equal to All Vendors (Essay Sample)
discusses the importance of competitive bids and how the organization can make competitive bidding equal to all vendors.
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Competitive Bidding and How to Make It Equal to All Vendors
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Competitive Bidding and How to Make It Equal to All Vendors
A competitive bidding program is where the organizational buyer solicits goods and services via a request for a proposal or request for bid which has the details of the services or products to be supplied. Supplies interested send bids and the one with the lowest price or favorable terms is awarded the contract. The major pros of using this process are that the company gets a quality product with the lowest price and favorable terms. This paper discusses the importance of competitive bids and how the organization can make competitive bidding equal to all vendors.
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