bidder's list refers to
A) a list of firms believed to be qualified to purchase a given item.
B) a list of firms believed to be qualified to supply a given item.
C) those firms that have expressed interest in supplying a specific item but have not yet been approved.
D) a list of firms that have not yet expressed an interest in supplying a specific item to the firm.
E) a list of approved suppliers that have not yet been entered into the firm's purchasing databank.

Question

Quizplus · Accepted Answer

A bidder's list is a list of firms that are believed to be qualified to supply a given item. This list is usually compiled through market research or by requesting information from potential suppliers about their capabilities and experience. The purpose of the bidder's list is to identify potential suppliers to invite to bid on a specific project or contract. The firms on the bidder's list may or may not ultimately be awarded the contract or purchase order, but they have been pre-qualified as potential suppliers.

Bidder's List Refers to