tender
//ˈtendər//
Translation
tender
Definition
A tender is a formal offer to provide goods or services at a specified price, often submitted in response to a request for proposals in business or government procurement. This term is commonly used in competitive bidding processes where organizations invite suppliers to submit their best offers for a contract. The tender outlines the terms, conditions, and pricing, and the winning bid is typically selected based on criteria such as cost, quality, and compliance. In this context, 'tender' functions as a noun referring to the bid itself or as a verb meaning to formally submit such an offer.
Example
“The company submitted a tender for the construction of the new bridge.”
“All tenders must be received by the procurement office before the deadline.”
“The government issued a tender for IT services to upgrade its systems.”
“Our tender was rejected because it exceeded the budget limit.”
“The contractor decided to tender for the infrastructure project.”
“The tender document includes detailed specifications and evaluation criteria.”
“Several firms are expected to tender for the renewable energy contract.”
“The winning tender offered the best value for money.”
“They prepared a competitive tender to secure the deal.”
“The tender process was delayed due to legal challenges.”
Synonyms
Other meanings
- B1yumuşak, hassasView this sense
- C1teklif vermek, ihale(this page)