As mentioned earlier, RFT or tender is a document that the buyer releases to ask a supplier to submit its responses. However, if you understand the two terms separately, it may become a little easier to understand them. Tenders and RFTs may seem similar and it can be a bit confusing to distinguish between them. In general, the tendering procedure is likely to be used whenever the dollar value of the contract is high or there is a significant risk. Tendering is also more common in certain industries such as construction, engineering, information technology and business consulting.
0 Comments
Leave a Reply. |