Bargaining is a negotiation between a shopkeeper and a customer to reach a mutually satisfactory price. Haggling is a form of bargaining and is common in some regions. The customer asks for the price, the shopkeeper quotes a high price, and a bidding war begins. Eventually, a price that satisfies both parties is reached. Haggling […]
US Contracting Officers are authorized to enter into contracts for the government and must have high qualifications and experience. They must comply with government regulations and maintain records of contracts. Military contracting officers have additional requirements and must pass regular assessments. Officers stationed overseas must have additional international education and knowledge of import/export tariffs. Entering […]
Online bargaining allows consumers to negotiate for goods and services, including labor demand, at competitive prices. It involves submitting an offer to a seller who is free to accept or reject it. Bartering and freelance assignments are also common applications of online contracting. With the advent of electronic transactions via the Internet, the online contracting […]
A contracting authority is an entity authorized to commit funds to a project before they are available. Government agencies and private sector individuals can have this power, but controversy can arise over the extent of authority. It’s important to confirm the limits of authority before entering into agreements. A contracting authority is a person or […]
