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Can you please explain me invitation to tender? And also please tel me that between purchaser and supplier who is the offeror and who is the offerre?
I want to change my auditors but I can’t decide who I should appoint as the replacement firm
So I write to EY, Deloittes and KPMG and ask them to submit their tenders to become my auditors
My action is an invitation to tender
Purchaser / supplier offeror / offeree?
It depends but normally it would be the supplier that answers an enquiry from a prospective purchaser and says “Yes, I can deliver the goods that you were enquiring about and they will cost $700. I await your order and look forward to doing business with you”
The order, when it comes through, is the acceptance
So, in the scenario above, the offeror is the one stating the price in response to the original enquiry and the offeree is the one that is now expected to send an order
OK
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