RESOLICITATION Meaning and
Definition
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Resolicitation refers to the act or process of proposing or requesting something again, particularly in the context of business or auctions. It involves issuing a new request or invitation for bids, proposals, or offers after an initial attempt has been made.
In a business or procurement context, resolicitation typically occurs when an initial solicitation process fails to yield satisfactory results, such as insufficient interest from potential vendors or proposals that do not meet the requirements. The resolicitation allows the organization to try again, possibly with modified terms, specifications, or evaluation criteria, in order to attract more suitable bids or proposals.
Resolicitation can also take place in the realm of auctions or competitive bidding. When an initial auction or bid process does not achieve the intended outcome, such as meeting a minimum price or receiving desired offers, the organizer or seller may choose to resolicit or re-advertise the opportunity to entice more favorable bids or proposals.
The purpose of resolicitation is to improve the chances of getting suitable or desired responses. By reissuing the request or invitation, it widens the pool of potential respondents and provides an opportunity to rectify any inadequacies or shortcomings that were identified during the previous solicitation process. Resolicitation, therefore, serves as a mechanism for organizations to attain better outcomes by giving participants a second chance to submit their proposals or offers.
Common Misspellings for RESOLICITATION
- eesolicitation
- desolicitation
- fesolicitation
- tesolicitation
- 5esolicitation
- 4esolicitation
- rwsolicitation
- rssolicitation
- rdsolicitation
- rrsolicitation
- r4solicitation
- r3solicitation
- reaolicitation
- rezolicitation
- rexolicitation
- redolicitation
- reeolicitation
- rewolicitation
- resilicitation
- resklicitation
Etymology of RESOLICITATION
The word "resolicitation" is a combination of two root words: "re-" and "solicitation".
The prefix "re-" comes from Latin and means "again" or "back". It is commonly used in English to indicate repetition or returning to a previous state.
The word "solicitation" comes from Latin as well. It is derived from the verb "solicitare", which means "to disturb", "to agitate", or "to urge". In English, "solicitation" refers to the act of requesting, seeking, or urging someone to do something, typically in a persuasive or persistent manner.
Therefore, the etymology of "resolicitation" can be understood as the act of requesting or urging again, often after a previous request or attempt has been made.
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