Negotiated fare, on the other hand, is a price for a flight or transportation service that is agreed upon through negotiation between the service provider and a specific customer or group of customers. This type of fare is often lower than the published fare and is typically available to businesses, corporations, or large groups that have negotiated a special rate with the service provider.
Here are the key differences between published fare and negotiated fare:
1. Availability: Published fares are generally available to all customers and can be easily found on the service provider's website or through online travel agencies. Negotiated fares, on the other hand, are not publicly available and require direct negotiations between the customer and the service provider.
2. Pricing: Published fares are set by the service provider and are typically fixed or may vary based on factors such as demand, time of booking, and availability. Negotiated fares, however, are subject to negotiation and can be tailored to meet the specific needs and budget of the customer.
3. Terms and conditions: Published fares are subject to the standard terms and conditions set by the service provider, such as cancellation policies, baggage restrictions, and refund policies. Negotiated fares, on the other hand, may have customized terms and conditions agreed upon during the negotiation process.
4. Eligibility: Published fares are generally available to all customers who meet the eligibility criteria set by the service provider. Negotiated fares, however, may be limited to specific groups of customers, such as businesses, corporations, or organizations that have negotiated a special rate.
5. Convenience: Published fares are convenient to book and can be purchased directly through the service provider's website or through online travel agencies. Negotiated fares, however, may require more time and effort as they involve direct negotiations and discussions with the service provider.
In summary, published fares are the standard prices publicly available for a flight or transportation service, while negotiated fares are customized prices agreed upon through negotiations between the service provider and specific customers or groups of customers.
