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Bid solicitation is the process of making published construction data readily available to interested parties, including construction managers, contractors, and the public. There are several services, including government entities and private plan rooms, that allow project owners to release project details to solicit and obtain contractor bids.
Often in official use of these two terms, a "bid" supposes the limits or scope of work is similar, and usually the lowest bid is awarded work, especially in government contracts. Proposals mean the entity is fully aware of the details and that the scope of work may vary, and the work is awarded to the best "plan" rather than simply the lowest ...
In the context of corporate or government procurement initiatives. in Business and Law school students actively bid for high demand elective courses that have a maximum seat capacity though a course bidding process using pre allocated bidding points or e-bidding currency on course bidding systems. [2]
A business improvement district (BID) is a defined area within whichever businesses elect to pay an additional fee (or assessment) in order to fund projects within the district's boundaries. A BID is not a tax, as taxes fund the government. BID funds are collected and used for the exclusive benefit of the industry that pays the assessment.
The term five-card majors implies that an opening bid in a minor suit bid might show three card length only (for example, the hand pattern might be 4=4=2=3, so neither major suit is long enough to show with an opening bid). A bid of 1NT shows a balanced hand in a narrow high card points (HCP) range.
A bid of 4NT "invites" opener to: bid 6NT with a maximum holding of 14 HCP (19 + 14 = 33 which is sufficient) pass with a minimum 12 HCP (20+ 12 = only 32) with partnership agreement, bid 5NT holding 13 HCP - asking partner to bid 6NT with 20 HCP and to pass holding 19 HCP. An opening bid of 2NT shows 20, 21 or 22 HCP.
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A request for quotation (RfQ) is a business process in which a company or public entity requests a quote from a supplier for the purchase of specific products or services. RfQ generally means the same thing as Call for bids (CfB) and Invitation for bid (IfB). [1] An RfQ typically involves more than the price per item.