Tender: Difference between revisions
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imported>Doug Williamson (Create the page. Sources: linked pages and Oxford Dictionary of Law, 7th Edition 2009.) |
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Revision as of 14:59, 3 February 2017
1.
A process in which a number of different potential suppliers put forward formal proposals, or bids, to provide specified services or goods to a customer.
Also known as a 'competitive tender', because of the competition between the potential suppliers.
2.
To submit a proposal - as a potential supplier - in a tendering process.
3.
An offer of performance under a contract, most commonly an offer of the price of goods or services, made by a buyer to a seller.
