Bidder Conference Definition and Explanation PDF | Download eBooks
Learn Bidder Conference definition in project management with explanation to study “What is Bidder Conference”. Study bidder conference explanation with project management terms to review project management course for online MBA programs.
Bidder Conference Definition:
Bidder conferences are meetings between the buyer and prospective sellers prior to proposal submittal.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Bidder Conference Explanation:
To conduct procurement, the communication between the buyer and the prospective sellers is necessary. One way of doing this is bidder conference. A bidder conference is a meeting between a buyer and prospective sellers. The conference is held before the potential sellers submit proposals. A bidder conference can be face-to face or video conference. Other terms used for bidder conference are contractor conference, vendor conference, and pre-bid conference. The sellers can inquire additional information regarding the procurement requirements in the bidder conference. Also, through bidder conference, the buyer makes sure that all the potential sellers understand the needs and requirements well.
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