A Multiple Award is an award of a contract to more than one supplier who meets the requirements of a specification, where the multiple award is made on the grounds set forth in the bid document in order to satisfy multiple factors and needs of authorized users. Those factors may include complexity of items, various manufacturers, differences in performance required to accomplish or produce required end results, production and distribution facilities, price, compliance with delivery requirements, geographic location or other pertinent factors.

The rebranding of equipment and selling it under another name, or as a component of another product

Classification of business established by type of activity for the purpose of facilitating the collection, tabulation, presentation, and analysis of data collected by various agencies of the united states government, state agencies, trade associations, and private research organizations for promoting uniformity and comparability in the presentation of statistical data relating to those establishments and their fields of endeavor.

A concept of game theory where the optimal outcome of a game is one where no player has an incentive to deviate from his or her chosen strategy after considering an opponent’s choice. Overall, an individual can receive no incremental benefit from changing actions, assuming other players remain constant in their strategies. A game may have multiple Nash equilibrium or none at all.

An exploratory and communication process meant to reach a mutually satisfactory agreement. Kentucky payday loans no credit check In the purchasing context, negotiation is an exploratory and a bargaining process (planning, reviewing, analyzing, compromising) involving a buyer and seller, each with their own viewpoints and objectives seeking to reach a mutually satisfactory agreement on all phases of a procurement transaction – including price, service, specification, technical and quality requirements, payment terms, etc. Continua a leggere→