Belt Auction

Which of the purchasing methods is this example?

A bakery buying certain office products from a specific vendor that delivers at predetermined times and guarantees a aset price for one year is an example of using the ___________ purchasing method? a. blank-check b. competitive bid c. standing-order d. lowest bidder please answer and explain :) THANKS!

Public Comments

1. c standing order...its one vendor with no others bidding on the order, pricing does not change and it is delivered on a set day each week. It is a standing weekly order.