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What is the meaning of the offer in procurement field ?

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Question added by Ali Abdelrahim Mohammed Marzoug , Coordinator/ Procurement Committee , World Vision International
Date Posted: 2014/11/30
Shire Salah Jama
by Shire Salah Jama , Procurement Engineer , al Arrab contracting Co

An Offers is the techno-commercial quotations received from the supplier when procurement send to him an inquiry ,or we can say commercial response received from the supplier when procurement representative send to them RFQ,RFT or RFP.

Saeed Bhutta
by Saeed Bhutta , PROJECT MATERIALS MANAGER with GENERAL ELECTRIC (GEII) at Global Greenfield projects in Middle East , General Electric

A supplier’s offer to provide goods and/or services for a consideration in response to a buyer’s enquiry

Gul Hussain
by Gul Hussain , Head Procurement , M/s AL Bawakir Unicon Co. W.L.L.

Procurement Offer is a final commercial decision where vendor fulfill all obligations previously agreed on various documents including RFQ, Contract draft. This covers Techno-commercial deal on a final order.

Sayed Ghulam Mustafa Jeelani
by Sayed Ghulam Mustafa Jeelani , Site Engineer , M/S Mumtaz Contractors

Procurement is the act of acquiring, buying goods, services or works from an external source. 

Bassam Nawasreh
by Bassam Nawasreh , Senior Bidding Specialist , Jeraisy Compyter & Communications Services

It's a Solution for Customer Required  that contain Prices & Technical Solution to apply the Required works & To Comparison it with other Solutions from other Companies to select  The best Solution

Offer is the commitment of a supplier to deliver on a certain date, certain goods in certain quantity and price, mentioning the delivery and payment terms.

An offer MAY also include technical specification or other quality information.

MOHD ABDUL MATEEN
by MOHD ABDUL MATEEN , senior medical equipment specialist turnkey solutions , Al Faisaliah Medical system

Means Commercial offer which is based on the technical specification provided by the consultant/clients. 

Offer means that Vendor quote for their products

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