Exclusive-order

An 'exclusive-order' refers to a directive or request for goods or services that is specifically limited to a single vendor or provider, often due to unique capabilities, established relationships, or preferential terms. This type of order bypasses the typical competitive bidding process, offering the vendor guaranteed business. It implies a deliberate choice to forgo potential alternative suppliers and can be predicated on factors like intellectual property, specialized expertise, or pre-existing agreements. This practice is common in various industries where specialized skill, specific products, or prior agreements are paramount and streamlining procurement is desired.

Exclusive-order meaning with examples

• The company issued an exclusive-order to Acme Corp. for its proprietary software, due to their specialized needs that Acme Corp. uniquely fulfills. This spared the lengthy bidding procedures and ensured the optimal solution. The contract contained provisions that included regular support, and expedited upgrades.
• To accelerate project completion, the construction firm placed an exclusive-order with a long-term supplier for all its high-grade concrete. Their past experiences ensured quality and delivery schedules were more reliably met. This strategic decision cut down on wait times and kept costs within established budgets.
• The art gallery placed an exclusive-order with a single artist for a limited edition series of paintings. The artist's distinctive style made the artworks unique, guaranteeing their value. It streamlined the procurement process and secured ownership of highly sought after pieces.
• The government placed an exclusive-order for specialized military equipment with a designated manufacturer, for national security. Due to security clearances and complex requirements, an open tender was unfeasible. The company's history with the technology led to guaranteed quality