Contractual Brief:
A contractual brief is a voluntary, deliberate and legal binding agreement. This can be shared with two or more competent parties. Contracts mainly contain written content but can be spoken or implied. A contractual relationship is evidenced by;
- An offer
- An acceptance of the offer
- Legal and valuable consideration
The benefit of this process is its time saving and a copy is kept and saved for the customer if they wish to reference the orginal document in future.
Negotiation
Negotiation is mainly about a give and take process involving 2 or more parties. Each party in which has there own aims and objectives in the business. These parties have to reach an agreement to settle which may be a mutual consern or to resolve a conflict.
This means its open to interpretation. Communication is a key link will be used to negotiate the issue whether its face to face, in written form, or over a telephone call.
Example: to meet in the middle; we use it in our social lives, for instants: Where to meet a friend.
Tender
Tender is an unconditional offer of money or perfomance. A tender can help the tendering party from penalty of non payment or non performance. It may also be a sealed bid or offer to respond to a request for tenders containing detailed information on terms and conditions which are associated with a potential contract. So therefore you pitch for something.
Benefits of a tender brief:
Maximum Sale Price: Tenderers have the choice to submit
bids, and it is annoymous how much anyone else is tendering,
they are therefore forced to go straight to their best price.
Confidentiality: Tenders submitted are confidential, and the sale
price of the property is generally not public knowledge.