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Real estate

Of or pertaining to property of land and the buildings on it. This also includes any minerals, crops, or any other natural resource. The business of real estate is the buying, selling, or renting property.

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Real estate > 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 ...