We seek vendors who share our commitment to equal opportunity and affirmative action. Purchasing and Contract Services.Our agent said that it doesn't matter if a binder is in place, because other offers can still be made and accepted during this time. When an offer does not specify how long it will remain open, the general rule is that it will terminate after a "reasonable" amount of time. If you decide to accept a bid on your home, you may be asked to sign an arbitration agreement with your buyer. The contract assessment process takes 60-90 calendar days. 1. Complete the contract request packet.