The tender fee is also called an earnest money deposit (EMD). Buyers hold the deposits in escrow during the bid process, and the money is returned to the vendors who are not selected. After signing the binding contract with the buyer, the winning bidder’s deposit is adjusted in the ...
aIn law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company ...
Just because a prospective client has issued an RFQ to you doesn’t mean they have full confidence in your ability to handle their needs. You’d still be wise to build a case.Many vendors append information about themselves, including their volume capabilities, to the construction RFQ template...
"Board Resolution" means a resolution, certified by the Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. "Business Day" means any day, other than a Saturday ...