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2. Construction bidding - Wikipedia

   en.wikipedia.org/wiki/Construction_bidding

   Depending upon the language in the bid proposal, a subcontracting construction company could make its bid final, and, if accepted, a legally enforceable contract is created. In these circumstances, upon determination by the general contractor that a bid is the lowest offer, it can accept the bid and, upon acceptance, a subcontractor cannot ...

3. Request for solution - Wikipedia

   en.wikipedia.org/wiki/Request_for_Solution

   A complex arrangement of parts. A request for solution could ask a simpler arrangement performing the same functions. A request for solution (RFS, also known as request for proposed solution) [1] is a commercial document that describes a technological or organizational situation and demands a solution (for example, a new arrangement of information technology, IT) to possible suppliers of this ...

4. Request for quotation - Wikipedia

   en.wikipedia.org/wiki/Request_for_quotation

   The bid does not have to mean the end of the bidding; multiple rounds can follow. [ citation needed ] After the RfQ process, professional procurement organizations have to compare the quotations, and try to get the best price for the job (by negotiations, or by conducting an e-auction (a reverse auction or a ticker auction).

5. Request for proposal - Wikipedia

   en.wikipedia.org/wiki/Request_for_proposal

   A request for proposal (RFP) is a form of reverse auction that solicits a business proposal by an organisation interested in the procurement of a service or product from potential suppliers. [1] It is usually part of a complex sales process, and made through a bidding process.

6. Invitation to tender - Wikipedia

   en.wikipedia.org/wiki/Invitation_to_tender

   A tender announcement from the Indonesian Ministry of Finance. An invitation to tender (ITT, also known as a call for bids [1] or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been ...

7. Basis of estimate - Wikipedia

   en.wikipedia.org/wiki/Basis_of_estimate

   A basis of estimate is an analyzed and carefully calculated number that can be used for proposals, bidding on government contracts, and executing a project with a fully calculated budget. [2]