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Procurement Bid Elements

Across
The amount of money that will purchase a definite weight or other measure of a commodity.
offer, acceptance, and consideration
A phrase generally applied to the rules under which all bids must be submitted and the stipulations included in most purchase contracts; often published by the purchasing authorities for the information of all potential vendors.
The process used to communicate procurement requirements and to request responses from interested vendors.
Down
provides for a money payment in case of covered loss, accident or death.
Second part to six (6) across
A transportable article of trade or commerce that can be bartered or sold.
Fixed period for which a loan, insurance policy, or bond is issued, a time or fixed deposit is made, or a contract lasts.
An agreement by a third party financier that a certified amount of money is insured and payable if a bidder refuses to accept a contract.