Evolution of the RFQ: Acronyms are becoming a part of everyday purchasing lingo. Here are just a few we are becoming accustomed to: TCO, RFQ, RFI, RFP, LOU, LOI, ABC, […]

Sample Letter of Understanding -LOU: If you find yourself in the position of purchasing a website, it’s content and the domain name or URL, this sample template will give you […]

Letter of Intent-LOI or Letter of Understanding-LOU: For larger contracts or big dollar supply agreements, some corporations prefer to start a relationship by issuing a letter of intent (LOI) to […]