Price negotiation memorandum (PNM),
Definition of Price negotiation memorandum (PNM):
Document that records the points discussed and agreed to in arriving at a mutual understanding on prices of goods or services to be supplied. It serves to establish the reasonableness of the agreement, and as a permanent written account of the decisions the negotiators made.
Meaning of Price negotiation memorandum (PNM) & Price negotiation memorandum (PNM) Definition
