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A purchaser issues a request to get the best possible price on a required product or service. This is referred to as a tendered bid.
A purchaser issues a request to get the best possible price on a required product or service. This is referred to as a tendered bid. The Supreme Court of Canada has decided that in some circumstances such tendered bids:
a.Have no requirement that bidders be treated fairly, as caveat emptor applies.
b.Cannot be revoked.
c.Are an invitation to treat which carries with it no legal status.
d.Must be in a standard form contract.
e.Do not allow for discretion.
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