What is the difference between Accepted and Awarded Status? Follow

Working in the Supplier Portal, your ultimate goal is to get awarded contracts to supply items at a cost that suits your organization's core business objectives. These will be affirmed by the buyers' making decisions on your Request for Quote (RFQ) submissions.

So, what is the difference between Accepted and Awarded Status?

• Accepted: When quoted terms and cost for the record are agreeable to the customer, they will lock in the quote provided, accept those terms, and then the supplier cannot modify the record further.
• Awarded: When the customer informs the supplier of a winning bid and seeks to move forward with a formal agreement to acquire the items from the supplier at the agreed upon terms and schedule.

If you need any further clarification, do not hesitate to ask for help.