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The agency was established under the MATRADE Act 1992 in March 1993 as a statutory agency and external trade promotion arm under the Ministry of Investment, Trade and Industry Malaysia (MITI). [1] [2] MATRADE is also the owner and operator of the MATRADE Exhibition and Convention Centre (MECC) which was opened in January 2007. [3]
MATRADE Exhibition and Convention Centre (MECC) (Malay: Pusat Pameran dan Konvensyen MATRADE) is a trade centre, exhibition hall, and convention centre in the suburb of Segambut, Kuala Lumpur, Malaysia. MECC, established by MATRADE (Malaysia External Trade Development Corporation), provides convention facilities, exhibition halls, and meeting ...
The Kuala Lumpur Convention Centre (Malay: Pusat Konvensyen Kuala Lumpur), also known as the KL Convention Centre, is a purpose-built convention and exhibition centre located in the Kuala Lumpur City Centre (KLCC) development in Kuala Lumpur, Malaysia.
A tender announcement from the Indonesian Ministry of Finance. An invitation to tender (ITT, also known as a call for bids [1] or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been ...
A request for proposal (RFP) is a form of reverse auction that solicits a business proposal by an organisation interested in the procurement of a service or product from potential suppliers. [1] It is usually part of a complex sales process, and made through a bidding process. [citation needed]
In procurement of goods or services, the bid and proposal (B&P) are a firm's plan and proposed cost for fulfilling the conditions outlined in a request for proposal or other information gathering or supplier contact activity. [1]
The tender is treated as an offer to do the work for a certain amount of money (firm price), or a certain amount of profit (cost reimbursement or cost plus). The tender, which is submitted by the competing firms, is generally based on a bill of quantities , a bill of approximate quantities or other specifications which enable the tenders to ...
In corporate finance, a tender offer is a type of public takeover bid. The tender offer is a public, open offer or invitation (usually announced in a newspaper advertisement) by a prospective acquirer to all stockholders of a publicly traded corporation (the target corporation) to tender their stock for sale at a specified price during a specified time, subject to the tendering of a minimum ...