__________ is a formal invitation to submit a price for goods and / or services as specified.

Related MCQs

• __________ is a register of suppliers invited to submit bids for goods / services as specified.
• A bilateral RFP is preferred to an invitation to bid when:
• The __________ specification describes, defines or specifies the goods / services to be supplied. Performance
• The amount of expenditure incurred on, or attributable to, a specified thing or an activity or cost unit is known as
• Which type of warranty is enacted if a service or product does not meet the level of quality specified in the contract?
• Maintaining prompt and accurate records of all goods received, issued and returned is the duty of ……………..
• Fixed price and incentive type contracts place responsibility for performance and financial risks associated with delay or non-performance on the:
• Purchase…………..is to be prepared to know what to buy, what should be the quantity, quality and price.
• The overhead cost incurred from the stage of procurement of raw material till the stage of production of finished goods is known as…… .
• …………………stores organization is adopted to store all the goods at centrally located at on place.