What are the rules of the marketplace and how are they enforced?Answer
Both buyers and suppliers agree to follow mutually beneficial market rules. Tactica acts as a third party, monitors compliance and determines appropriate actions when necessary. Buyers agrees to award only to suppliers who bid online, only invite qualified suppliers, award lots as specified in RFQ, and consider all competitive bidders. Suppliers agree to not submit offline bids, bid aggressively as possible, bid only on entire lots, submit all bids as legal quotations, and understand that the lowest price bidder does not automatically receive business.
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