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Law

Of or pertaining to the system of rules which a particular country or community recognizes as regulating the actions of its members and which it may enforce by the imposition of penalties.

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Law > Contracts

replacement

Law; Contracts

Substitution of an item with a similar or different, inferior or superior, item.

request for information (RFI)

Law; Contracts

Request made typically during the project planning phase where a buyer cannot clearly identify product requirements, specifications, and purchase options. RFIs clearly indicate ...

request for bids (RFB)

Law; Contracts

Alternative term for invitation to bid (ITB)

request for quotations (RFQ)

Law; Contracts

Document used in soliciting price and delivery quotations that meet minimum quality specifications for a specific quantity of specific goods and/or services. RFQ are usually not ...

request for proposals (RFP)

Law; Contracts

Document used in sealed-bid procurement procedures through which a purchaser advises the potential suppliers of (1) statement and scope of work, (2) specifications, (3) schedules ...

request for tenders

Law; Contracts

Initiating step of a competitive tendering process in which qualified suppliers or contractors are invited to submit sealed bids for construction or for supply of specific and ...

request for technical proposals

Law; Contracts

Document used in two-step bidding process through which only technical information is solicited. After selecting the most suitable proposals, the advertiser or customer invites ...