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'A purchasing procedure whereby potential suppliers are invited to make a firm and unequivocal offer of the price and terms on which they will supply specified goods or services which, on ac-ceptance, shall be the basis of the subsequent contract'
Suggested Answer: C
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The 'firm and unequivocal offer' and 'the basis of a contract' indicate the reference to a formal and binding tender procedure. The answer is therefore 'invitation to tender'.
26 comments · newest first
GW
Gwenn
6 months ago
No doubt, C is the best choice. It’s clear and straightforward.
LE
Lezlie
6 months ago
I feel like A) Competitive dialogue could also work, but it’s more about discussions.
EU
Eun
6 months ago
Agreed! It’s about getting firm offers.
MI
Mireya
7 months ago
I think it's C) Invitation to tender. It fits the description well.
EL
Elke
7 months ago
Really? I always thought it was more complex than that.
ST
Stephane
7 months ago
I thought it was more about competitive dialogue, but I guess not!
LE
Leatha
7 months ago
Wait, isn't that just a fancy way of saying "bidding"?
MA
Marva
7 months ago
Totally agree, it's all about getting those firm offers.
LE
Leeann
7 months ago
That's definitely an Invitation to tender!
MA
Marva
8 months ago
C) Invitation to tender, no doubt about it. This is textbook procurement stuff right here.
AL
Alica
8 months ago
Haha, this question is a real head-scratcher. I'm going with C, but I might need to phone a friend just to be sure.
LA
Lakeesha
8 months ago
Hmm, I was thinking B) Request for information, but C) makes more sense after reading the description.
MI
Michell
9 months ago
I agree, C is the way to go. Sounds like a classic invitation to tender process.
ST
Stanford
9 months ago
C) Invitation to tender seems like the correct answer here. It matches the description provided.
RO
Roy
9 months ago
I’m torn between Invitation to tender and Request for information. They both seem relevant, but I can't recall the exact differences.
TY
Tyra
9 months ago
This definitely seems like an Invitation to tender since it talks about suppliers making firm offers.
JO
Joni
9 months ago
I remember practicing a question about procurement methods, and I think competitive dialogue was mentioned, but it doesn't seem to fit here.
ST
Stevie
10 months ago
I think this sounds a lot like an Invitation to tender, but I'm not completely sure if that's the right term.
MA
Marge
10 months ago
This looks straightforward. The definition is clearly describing an Invitation to Tender, where suppliers submit their bids. I'm confident that's the correct answer.
TE
Teri
10 months ago
I'm a bit confused by all the purchasing jargon in this question. I'll need to re-read the definition carefully and think through each of the answer choices to make sure I select the right one.
JU
Junita
10 months ago
Okay, the definition mentions "potential suppliers" being "invited to make a firm and unequivocal offer." That sounds like an Invitation to Tender to me.
DU
Dustin
10 months ago
Hmm, this definition seems pretty technical. I'm not sure I fully understand all the terminology, but I'll try to break it down and see if I can figure out the right answer.
AL
Alexia
10 months ago
I think this is asking about a specific type of purchasing procedure, so I'll need to focus on the key details in the definition to identify the correct option.
XE
Xenia
4 months ago
Agreed! That fits the description perfectly.
MO
Monroe
4 months ago
Definitely! I think it’s C) Invitation to tender.
VA
Van
6 months ago
Sounds like it’s about getting formal offers.