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The main discussion of these abbreviations in the context of drug prescriptions and other medical prescriptions is at List of abbreviations used in medical prescriptions. Some of these abbreviations are best not used, as marked and explained here.
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).
This is a list of abbreviations used in medical prescriptions, including hospital orders (the patient-directed part of which is referred to as sig codes). This list does not include abbreviations for pharmaceuticals or drug name suffixes such as CD, CR, ER, XT (See Time release technology § List of abbreviations for those).
bd/bid Twice a day gt One drop gtt drops GSL General sales list Gutt/g Guttae (drops) Meds Medications Nocte/QHS At night Occ Ointment od/QD Once a day otc Over the counter (bought medication) P Pharmacy (drug) POM Prescription-only medicine prn When required q Every (e.g. q2h – every two hours) qds/qid Four times a day Rx Prescription tds/tid
An RFI, however, is not an invitation to bid, is not binding on either the buyer or sellers, and may or may not lead to an RFP or RFQ. A request for quotation (RFQ) is used when discussions with bidders are not required (mainly when the specifications of a product or service are already known) and when price is the main or only factor in ...
If someone else has placed a bid that is higher than the maximum bid, the will be notified, allowing he to change the maximum bid and stay in the auction. At the end of the auction, whoever's maximum bid is the most wins the lot. Live bidding is a traditional room-based auction.
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 ...
Bid, in a financial market, the price a market maker will buy a commodity at to buy a product in such a way; see bid–ask spread; Bid manager, an executive sales role within an organization, responsible for managing bids; Bid price, a price offered for a good by a potential buyer or a price offered by a potential vendor to perform a specific job