Contracts

BusinessBid is a robust e-procurement system for your business. Convenient requisitioning, strategic sourcing and automated purchasing, All in one place.

eProcurement Software solution, eSourcing Tool, eAuction Tool, procure to pay

Contracts

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Contracts are an integral part of business procurement. Contract is a legal bond that is established between two parties to ensure the buy and sell of goods and services remain dedicated to each other and they will be abide by those laws.

There are different types of contracts depend on the nature of the project. The scope of the project determines the selection of contracts that is: Fixed-Price Contracts and Cost-Plus (Time and Value Based) Contracts.

How does it Work?

  • Create a New Contract by entering contract name, purpose, start and end-date
  • Mention all the necessary contract details (contract nature & payment policies)
  • Pick up the projects you want to make contract for
  • List the items you’re looking for your contract
  • Attach any additional document that might be needed for the contract
  • Select the supplier you want to establish contract with
  • View the contract at a glance and you’re all set to go!

What You Can Achieve Using RFI?

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