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What is the difference between a quotation and a tender?
tender is a own organisation format but quotation is a organisation format.
What is the difference between bid and tender?
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.
What Is The Difference Between Tender And Quotations?
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.
What is the difference between a reverse auction and a forward auction?
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.
What is the difference between absolute auction and confirmation 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.
