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Why is the financial capacity of a seller important to procurement?
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What does the financial term 'factoring services' mean?
Financial factoring services are financial services sells its accounts receivable to a third party at a discount. This provides financing to the seller in the form of cash. This is, by no means considered a loan.
Can the bank help with sellers concessions?
Seller's concessions are costs that are paid by the seller. If the seller is a bank, you can certainly ask for seller concessions, but you may not get the answer you want. If the seller is not a bank, whether or not there are seller concessions in a contract depends on whetehr or not you negotiate them with the seller. It is important to note that banks and lenders may limit the amoutn of seller concessions allowed on certains loan types. Source: I'm a loan officer.
Is the seller concession tax deductible?
is seller concession a tax deduction for me the seller
Why are financial markets essential for a healthy economy?
A healthy economy is one where the distribution of wealth is relatively equal and there is high volume of trade and commerce. Financial markets transfer funds from buyer to seller. This encourages equal growth of economy. The more cycle of money flows the better.
Distinguish between financial and non financial transaction?
A financial transaction is an agreement, communication, or movement carried out between a buyer and a seller to exchange an asset forpayment. It involves a change in the status of the finances of two or more businesses or individuals. The buyer and seller are separate entities or objects, often involving the exchange of items of value, such as information, goods, services, and money. It is still a transaction if you exchange the goods at one time, and the money at another. This is known as a two part transaction, part one is giving the money, part two is receiving the goods.
What is source selection criteria?
Also called evaluation criteria, this is developed by the buyer during procurement planning to rate responses from the sellers. The evaluation criteria could be as simple as the price for off the shelf standard items, or it could be a combination of factors for a more complex proposal. Following is a list of some examples of evaluation criteria.• Cost - To evaluate the overall cost, you should consider all cost-related factors, such as:o Purchase priceo Delivery costo Operating cost • Business aspects - This can include the following factors:o Business size and type - Does the business size or type meet a condition set forth in the contract, such as being a small business or a disadvantaged small business?o Financial capacity - Does the seller have the financial capacity to do the job, or is the seller in a position to obtain the necessary financial resources to do the job?o Production capacity and interest - Does the seller have the capacity and the interest to meet future potential requirements?o References - Can the seller provide reliable references (such as from previous customers) verifying the seller's work experience and history of compliance with contractual requirements? • Management approach - If the procurement itself involves a project, does the seller have the ability to execute management processes and procedures to run a successful project?• Rights - The following rights can be considered:o Intellectual property rights - Will the seller own the intellectual property rights for the work processes or services that will be used to produce the deliverables?o Proprietary rights - Will the seller have the proprietary rights for the work processes or services that will be used to produce the deliverables? • Technical aspects - This includes the technical approach and capability:o Technical approach - Will the technical methodologies, techniques, solutions, or services proposed by the seller meet the procurement requirements, or will they provide more than the expected results?o Technical capability - Does the seller have or is the seller capable of acquiring the technical skills and knowledge required to produce the deliverables?
The importances of procurement in project?
Procurement refers to obtaining; purchasing or renting products, services, or results from outside the project team to complete the project. Accordingly, procurement management is an execution of a set of processes used to obtain (procure) the products, services, or results from outside the project team to complete the project. There are two main parties involved in procurement management: • Buyer - The party purchasing (procuring) the product or service. • Seller - The party delivering the product or service to the buyer. It is extremely important because if you choose a wrong buyer or seller then the whole procurement process will be messed up and you will be in trouble.
What are the responsibilities of the Procurement manager?
The primary purpose of procurement management is to manage acquiring products (that is, products, services, or results) from outside the project team in order to complete the project. The external vendor who offers the service is called the seller. Procurement management includes the following: 1. Plan procurements - Identify purchasing needs, specify the procurement approach, and identify potential sellers. 2. Conduct procurements - Obtain seller responses, select sellers, and issue contracts. 3. Administer procurements - Manage procurement relationships, monitor the procurement performance, and monitor and control changes in procurement. 4. Close procurements - Complete each procurement with proper closure, such as accepting products and closing contracts
What is project procurement management?
Project Procurement Management is the task of managing all the procurements that are to be done as part of the project execution The primary purpose of procurement management is to manage acquiring products (that is, products, services, or results) from outside the project team in order to complete the project. The external vendor who offers the service is called the seller. Procurement management includes the following: 1. Plan procurements - Identify purchasing needs, specify the procurement approach, and identify potential sellers. 2. Conduct procurements - Obtain seller responses, select sellers, and issue contracts. 3. Administer procurements - Manage procurement relationships, monitor the procurement performance, and monitor and control changes in procurement. 4. Close procurements - Complete each procurement with proper closure, such as accepting products and closing contracts.
What is the definition of financial value?
One potential definition of financial value is the price that a willing buyer and seller are able to meet at for an item. This is based on what someone is willing to pay and what the seller is willing to accept as payment.
Is a seller of a vehicle responsible if it wont pass a smog test?
The OWNER (no matter what capacity) is responsible.
What does the financial term 'factoring services' mean?
Financial factoring services are financial services sells its accounts receivable to a third party at a discount. This provides financing to the seller in the form of cash. This is, by no means considered a loan.
Can the bank help with sellers concessions?
Seller's concessions are costs that are paid by the seller. If the seller is a bank, you can certainly ask for seller concessions, but you may not get the answer you want. If the seller is not a bank, whether or not there are seller concessions in a contract depends on whetehr or not you negotiate them with the seller. It is important to note that banks and lenders may limit the amoutn of seller concessions allowed on certains loan types. Source: I'm a loan officer.
What business is carried out by stock brokerages?
A stock broker is a person that works at a brokerage firm. These firms are financial institutions that operates by purchasing and selling financial securities between a buyer and a seller.
What are the financial repercussions for breaching the contract for the purchase of a home?
You would forfeit your deposit. In other words, the seller gets to keep your deposit.
What is a seller servers most important responsibility?
follow the laws for selling alcohol
What is a seller-servers most important responsibility?
follow the laws for selling alcohol
