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What is the difference between a tender and auction?
what is the difference between an auction and a tender
What is the difference between a quotation and a tender?
tender is a own organisation format but quotation is a organisation format.
Difference between the bid price and offer price?
The ''bid price'' is the price at which an investor can sell the securities he/she holds. The ''offer price is the price at which an investor can buy securities.
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 offer to bid pricing in unit trust?
In the very simplest of terms, the price at which units in a unit trust are bought (the offer price) is greater than the selling price (the bid price) and the difference is a combination of various charges. Hence, the value of the unit trust fund has to increase to cover this difference before the units can be sold without a loss. These prices (on an offer to bid basis) are the normal trading prices and use the maximum buying price. If there are a lot of sellers then the bid price may be reduced by the managers to a lower price to discourage sales (on a bid to offer basis). The lowest bid price is called the cancellation price and is dependent upon the value of the assets of the unit trust. Also, unit trusts do not all have the same difference between buying and selling prices.
