Seller Proposal Notes: Definitions & Explanations PDF | Download eBooks
Study Seller Proposal lecture notes PDF with project management definitions and explanation to study “What is Seller Proposal?”. Study seller proposal explanation with project management terms to review project management course for online MBA programs.
Seller Proposal Definition:
Seller proposal forms the basic information that will be used by an evaluation body to select one or more successful bidders (sellers).
A Guide to the Project Management Body of Knowledge by Project Management Institute
Seller Proposal Notes:
A buyer identifies the need for procurement and requests the potential sellers and vendors to respond. In response to the buyer's request, the sellers submit a formal document outlining their capabilities to perform or provide the required while being cost-effective. This formal written document is called seller proposal. A seller proposal is a very important document that must be prepared carefully because it is used by the buyer to evaluate the seller. A seller proposal can either focus on price or technical performance. The choice of the appropriate seller proposal to be submitted is based on the buyer's requirements. The seller proposals are evaluated by the buyer according to a specific selection criteria which determines the seller that best fulfills the requirements.
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