what is the difference between an auction and a tender
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tender is a own organisation format but quotation is a organisation format.
A bid is making a financial offer for something or the amount of money that you will pay for something. A tender is offering a service at a specific price.
Tender is the enquiry floated by the purchaser for the purchase of any material, completion of work etc. Quotation is the answer given by the supplier to tender enquiry in terms of rate quoted for each item etc.
A forward auction is the "ordinary auction" we are all used to today. In a forward auction, the buyer bids on the sellers item, and the prices of the item increases during the auction. On the other hand, a reverse auction switches the roles of the buyer and the seller. In a reverse auction, the sellers are competing for the buyers business, and the prices of the items the sellers are selling decrease during the auction.
In an absolute auction, the highest bid wins the item or real estate, there is no minimum bid requirement. In a confirmation auction the highest bid has to be confirmed/approved by the owner or bank, sometimes also referred to as a reserve price.
A bid is usually restricted to making a financial offer eg: at an auction you might make a bid of a certain price for a painting. A tender means that you will offer a service/item at a certain price. So it's a lot more complex than just dealing with a price.
they take the car and sell it at an auction then send you a bill for the difference between what they sold the car for and how much you still owed on it.
They can sell it for $1.00 if it is a auction and you can be libel for a deficiency judgment.
It is an agreement between the chicken and the tender.
Yes. If you take out a car loan, fail to make payments, and the car is repossessed, you will have to pay the difference between the price the lender received at auction and the balance remaining on your loan.Since repossessed cars are usually sold at wholesale auctions, the difference can be thousands of dollars.
The bank will sell yours at auction. Whatever they do not recoup, you owe the difference.
Pay the bill and fees to get your car back. If you can't afford it, your bank will auction the car and you will pay the difference between what they sold it for and your loan. Your credit is also ruined, it will get better in 7 years.
Yes. If, the amount they auction the property for is less than what you owe they will come after you for the difference.
Unfortunately yes what the bank or creditor will do is sell the car most likely at auction for "X" amount. you end up liable for the difference between what they sell it for and the remaining balance of the loan.
These lists can normally be picked up from any auction hosting location during their regular hours of operation. Although there may not be a current auction, they will have lists and information about any upcoming events.
The difference between Disneyland and Disneyworld is that Disneyland is in California and Florida is in Disneyworld. This is the difference between Disneyland and Disneyworld.
there is no difference there is no difference