$TPAC There are some important definitions that n
Post# of 22940
Posted On: 01/08/2016 8:19:03 PM
$TPAC There are some important definitions that need be expanded upon here to understand the full scope and significance of Bill's Tweets.
First, let's post the Tweets again:
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TPAC Bearings
@TPACbearings
TPAC has a couple of things to do this weekend, which should lead to RFQs and long-term orders taking advantage of price and China offsets
Aaron Kiser @guyatlantic 12m12 minutes ago
@TPACbearings Awesome! Was Boeing very attentive about the savings you would be able to save them in import taxes alone?
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@guyatlantic Yes and more attentive to offsets
"RFQ's":
What are RFQ's?
"A request for quotation (RFQ) is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products or services. RFQ generally means the same thing as IFB (Invitation For Bid).[1]
An RFQ typically involves more than the price per item. Information like payment terms, quality level per item or contract length are possible to be requested during the bidding process."
Source: https://en.wikipedia.org/wiki/Request_for_quotation
"Offsets"
What are offsets as pertains to business?
"Countries often demand offset agreements in order to gain economic benefits when they spend large parts of their government budgets buying defence equipment from foreign suppliers."
Source(from the Defense and Aerospace Section posted in Financial Times online publication):
http://www.ft.com/cms/s/0/87728d1e-197a-11e3-...z3whmCos2G
First, let's post the Tweets again:
Follow
TPAC Bearings
@TPACbearings
TPAC has a couple of things to do this weekend, which should lead to RFQs and long-term orders taking advantage of price and China offsets
Aaron Kiser @guyatlantic 12m12 minutes ago
@TPACbearings Awesome! Was Boeing very attentive about the savings you would be able to save them in import taxes alone?
0 retweets 0 likes
Reply Retweet
Like
More
Follow
TPAC Bearings
@TPACbearings
@guyatlantic Yes and more attentive to offsets
"RFQ's":
What are RFQ's?
"A request for quotation (RFQ) is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products or services. RFQ generally means the same thing as IFB (Invitation For Bid).[1]
An RFQ typically involves more than the price per item. Information like payment terms, quality level per item or contract length are possible to be requested during the bidding process."
Source: https://en.wikipedia.org/wiki/Request_for_quotation
"Offsets"
What are offsets as pertains to business?
"Countries often demand offset agreements in order to gain economic benefits when they spend large parts of their government budgets buying defence equipment from foreign suppliers."
Source(from the Defense and Aerospace Section posted in Financial Times online publication):
http://www.ft.com/cms/s/0/87728d1e-197a-11e3-...z3whmCos2G
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Do your own DD. Assume everyone here is either an amateur trader/investor or a paid interest such as a compensated pumper/basher. My posts are strictly for entertainment purposes. I am not on Wall St., do not work for a group, and only get paid when my personal investments materialize. I am only responsible for my own gains and losses; no one is to blame for my mistakes or for any advice taken from postings; likewise, I am not to blame for any advice you take of mine, regardless of gains or losses from doing so. Good luck to all; may you live long and prosper greatly.
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