Bid lower than cost or lower than cost-plus-a-reasonable-markup to be more sure of winning a contract. Used to break into a new industry or to discourage other competitors from entering your own.
Preventing Version-control Problems: Rule #3
Rule #3 for preventing version-control problems is this:
Pass version control clearly.
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Preventing Version-control Problems: Rule #2
Rule #2 for preventing version-control problems is this:
Have clear rules for handling online files.
Goodness. It sounds simple, doesn’t it?
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Term: Draft Contract
An RFP section that lays out the proposed terms and conditions under which the Work will be contracted. Sometimes open for discussion through the question and answer (Q&A) process, but unilateral rejection of any term or condition by a bidder at the time of submission is usually considered grounds for finding a proposal non-compliant. Continue reading“Term: Draft Contract”
Term: Contract
Primarily the legal agreement between the client and the contractor that specifies the terms and conditions under which the Work is to be delivered. In some industries, however, it refers to the body of Work executed by the contractor under the contract: what some other industries refer to as a “project.”
See also “draft contract.”