[Contract #1] What is Contract| Civil Engineering | Tender| Contract Vs Tender| Contract Process

This video explains basic definition involved in Contract and overview of contract process.
Definition
Contract
Tender
Contractor
Tenderer
Bid
Public Entity
Substantially responsive bid
Lowest evaluated bid
Lowest evaluated substantially responsive bid
Tender vs Contract
Tenderer vs Bidder
Letter of Intent (LOI)
Letter of Acceptance (LOA)

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