ITM 800 Study Guide - Final Guide: Use Case, Class Diagram, Software Maintenance

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 800
• Professor: Shi Kui Wu

Document Summary

Formal method for obtaining a quotation (bid) from a potential vendor for goods or services. Specific information on requirements/ specifications: vendor provides. Price and related information, e. g. : discounts for volume, period that price is valid, warrantees, shipping costs, delivery schedule, etc. Vendor is obliged to enter into a contract if the buyer accepts the quotation. Formal method for obtaining information from a potential vendor for goods or services. Buyer will usually provide some information on its needs or general requirements. Vendor responds with available information, e. g. product specifications, staff resumes, samples, diagrams, price lists, production schedules, etc. Preliminary pricing is often, but not always, requested (it is recognized that this might change in a subsequent formal proposal) No obligation on either party to enter into contract. Formal method for obtaining a solution and a quotation from a potential vendor for a client need. Information on its general requirements, or performance specifications.