contract == agreement, understanding. subcontract, purchase order
seller == contractor, subcontractor, vendor, service provider, supplier
buyer == client, customer, prime contractor, contractor, acquiring organization, government agency, service requestor, purchaser
Seller's "evolution": bidder -> selected source -> contracted supplier/vendor
bid, tender, quotation ==> price
proposal ==> other considerations than price (tech. capability, for ex.)
See also: "RFP vs. RFB vs. RFQ vs. RFI "
Tuesday, June 18, 2013
Procurement Management - Notes on PMBOK4 terminology
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