BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Unlike contractual offers, proposals are not commitments or promises. However, if a proposal is accepted by one party, the party should follow through and negotiate the creation of a legally binding contract.

Detailed explanation-2: -According to the Indian Contract Act 1872, proposal is defined in Section 2 (a) as “when one person will signify to another person his willingness to do or not do something (abstain) with a view to obtain the assent of such person to such an act or abstinence, he is said to make a proposal or an offer.”

Detailed explanation-3: -An invitation to tender (ITT) is the initial step in competitive tendering, in which suppliers and contractors are invited to provide offers for supply or service contracts, the ITT is one process in IT procurement.

Detailed explanation-4: -What is a service proposal? A service proposal is a document that you use to pitch your company’s services and solutions to potential clients. It acts as a sales proposal, demonstrating that you understand your new clients’ problems and you know how to solve them.