What Does "Type of Account" Mean on a Tender/Contract?

dabs on 04/03/2022 - 11:31

Hi does anyone know what this question means on cleaning tender?

"What type of account is the most attractive and why?"

I am helping a friend submit a tender and got stuck on this one.

Does it refer to the value of contracts? Or the type of site itself? Like residential/commercial.

If anyone knowledgeable can help, it would be greatly appreciated.

Comments

Hybroid on 04/03/2022 - 12:03

Contract accounts? https://learn.financestrategists.com/explanation/cost-accoun…
- dabs on 04/03/2022 - 12:27
  
  All good! Answered "a long term account" and included some buzzwords and stuff the tenderer wanted to hear!
sjj89 on 04/03/2022 - 12:14

+1

Probably COD vs 7/14/30 Day Terms accounts
Headless on 04/03/2022 - 13:23

+1

Procurement Professional here
I highly suggest asking the question back to the tenderer
Hard to answer without more context

Chances are they've copied and pasted from somewhere
- SBOB on 04/03/2022 - 20:06
  
  Chances are they've copied and pasted from somewhere
  
  90 percent of all tenders right there.
  My favourite are when the pdf info still has a different company name because they've used the same consultant that just did a find & replace on large sections of the document.