Current through May 31, 2024
Section 102-117.55 - What are the advantages and disadvantages of using a rate tender?(a) Using a rate tender is an advantage when you:(1) Have a shipment that must be made within too short a time frame to identify or solicit for a suitable contract;(2) Have shipments recurring between designated places, but do not expect sufficient volume to obtain favorable rates; or(3) Are not in a position to make a definite volume and shipment commitment under a FAR contract.(b) Using a rate tender may be a disadvantage when:(1) You have sufficient time to use the FAR and this would achieve better results;(2) You require transportation service for which no rate tender currently exists; or(3) A TSP may revoke or terminate the tender on short notice.65 FR 60061, Oct. 6, 2000, as amended at 75 FR 51393, Aug. 20, 2010