How long does the bid process take?
That depends on the formality of the bid process. A quote that can be obtained over the telephone or by fax takes a lot less time than a more formal “Request for Quotation”. More formal bid processes require the vendors to respond in writing, and enough time must be allowed for the vendor to respond. The amount of the purchase determines the formality of the bid. Generally speaking, the more expensive the purchase, the more time required to complete the bid process.
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