- gunning
- contract award
The final outcome of the acquisition process in which generally the contract is
awarded to one prospective supplier, through acceptance of a final offer
generally either by issuing a purchase order or the signing of a legally binding
contract formalizing the terms under which the goods/services are to be
supplied.
Source: Max Wideman.com
Copyright: Wideman Comparative Glossary
of Common Project Management Terms v3.1 is copyright by R. Max Wideman, March
2002.
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