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Prepare the Terms of Reference (TOR)
Let us now learn how to prepare a TOR.
TOR forms are an important document of the RFP. It helps reduce the risk of ambiguities during the preparation of the consultant proposals, contract negotiations and execution of the services. It reduces the risk of unnecessary extra work, and additional expenditure for you.
TOR should generally include the following:
T arget Return Pricing Target return pricing strategy dictates that the price of an item will being introduced into a market to be determined that sales for the product
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