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Online Reverse Auction
An auction where sellers bid to provide goods or services to a buyer, with prices typically decreasing over time.
Upfront Preparation
The initial set of activities and efforts undertaken before starting a project or process to ensure readiness and planning.
Significant Cost
A substantial financial expenditure that can impact an organization's budget, financial planning, and profitability, often requiring careful consideration and management.
Master Service Agreement (MSA)
A contract reached between parties, in which the parties agree to most of the terms that will govern future transactions or future agreements.
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