Terms and Conditions
Should you add an environmental policy to your RFP?
Monday, April 20th, 2009Many large corporations add their environmental policy statement to all outgoing RFQ or RFP’s when it pertains to contractors or suppliers providing a service both on or off their job-site which in any way may impact the environment. This is a good practice and it puts the contractor or supplier on notice that they are [...]
Purchase order Terms and Conditions
Thursday, February 19th, 2009If you are looking for a BASIC Terms and Conditions (TC’s) template to use with your purchase order, the following set will get you going. If you typically do not include a set of TC’s with each purchase order you fax, email or transmit to your Suppliers, at the very least you should have each [...]
FOB Point
Tuesday, January 13th, 2009Lets talk about shipping terms and where the responsibility lies for a shipment. The correct definition for FOB Point is Free-on-Board aka freight on board and the term FOB is frequently misunderstood, even by the professionals.
The FOB point is important as it ascertains:
when legal title of the goods being shipped transfers to the buyer. Say [...]
Purchasing Glossary or Buzzwords
Monday, December 22nd, 2008Ever wonder what some of the terms used by Materials Managers and Purchasing Agents mean? Terms like RFQ, FOB, DNR , or a RFP, Vendor, Standing Order Agreement. Although, these acronyms / terms are used frequently and recognized in the field, it is always a good idea to add them in their full context [...]
Terms and Conditions
Sunday, July 20th, 2008Always a good idea to include the Terms and Conditions with your RFQ package at time of issue so the vendors understand what they will have to comply with if they are awarded the contract. In any event, after you have the bid results from your RFQ or RFP, issued an award letter, some Corporations [...]