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What are some of the important items that an organization should consider when going into contract negotiations with a...

What are some of the important items that an organization should consider when going into contract negotiations with a vendor?
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Answer #1

The important items that an organization should consider when going into contract negotiations with a vendor not only includes low price. It includes many other things which are as follows :

1. Warranty of the product performance

2. Frequency of product service and its price

3. Response time to complaints regarding the product

4. Payment method and intallments

5. Installation of the product

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