What is contract tender in SAP RE - Real Estate Management?

SAP Term: contract tender

• Component: RE

• Component Name: Real Estate Management

• Description: A specific contract type in land use management. Contract tenders are used to prepare for the divestment of land. They are represented by a G/L account contract.

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• Key Concepts: 
  Contract tender is a process in SAP Real Estate Management (RE) that allows customers to submit bids for a contract. The customer can submit a bid for a contract, which includes the terms and conditions of the contract, such as the duration, price, and other details. The customer can also submit a counter-offer to the initial bid. The contract tender process allows customers to negotiate the terms of the contract before it is finalized. 
  
  How to use it: 
  In order to use the contract tender process in SAP RE, customers must first create a contract tender request. This request includes all of the details of the contract, such as the duration, price, and other details. Once the request is created, customers can submit bids for the contract. Customers can also submit counter-offers to any bids they receive. Once all bids have been submitted, customers can review them and select the one that best meets their needs. 
  
  Tips & Tricks: 
  When submitting a bid for a contract tender, it is important to make sure that all of the details are accurate and up-to-date. It is also important to make sure that all of the terms and conditions are clearly stated in order to avoid any misunderstandings or disputes later on. Additionally, it is important to be aware of any deadlines associated with submitting bids or counter-offers in order to ensure that they are submitted on time. 
  
  Related Information: 
  For more information about using the contract tender process in SAP RE, please refer to SAP Help documentation or contact your local SAP representative. Additionally, there are many online resources available that provide detailed information about using SAP RE and its features.