Write a paragraph to explain Bid Documents.

Who prepares the bid documents?

What are the different types of documents? Explain the applications or situations when each is needed in the workplace.

Which is the most popular bid document and why?

Give an example of a scenario at work where you will need to have a formal bid.

For example, all the computers at work are outdated. We need to purchase new hardware with a new operating system. The quantity will be over $500$ to cover all employees in the Western region, and the cost will be over half a million dollars. We were informed that we will need to go through a formal RFP to acquire these products. Decisions must be escalated to the purchasing department.

Write a paragraph to explain the Bidder's Conference.

Who hosts the bidder's conference $($buyer or seller$)?$

What is the main purpose of the bidder's conference? Cite a link or two with examples on the bidder's conference definitions, responses, addendum, etc.

Give examples of three different contract terms and conditions and explain the purpose of each. Cite a link with Terms and Conditions of a contract $($any contract that you find$).$