Tender definition: Copy, customize, and use instantly
Introduction
The term "Tender" refers to an offer or proposal, typically made in response to an invitation to bid for a project, contract, or service. Tenders are commonly used in procurement, where a company or government entity solicits bids from suppliers or contractors. The term is essential for establishing the process of submitting formal offers and ensuring transparency and fairness in competitive bidding.
Below are various examples of how "Tender" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Tender" as a formal offer in a procurement process
This definition ties "Tender" to its role in the procurement process.
"Tender" means a formal offer submitted in response to a request for proposals, bids, or quotations by a party seeking to procure goods, services, or works, under specified terms and conditions.
Definition of "Tender" as a competitive bid
This definition connects "Tender" to its competitive nature.
"Tender" refers to a competitive bid submitted by an interested party in response to an invitation to tender, where multiple parties compete to offer the best terms and pricing.
Definition of "Tender" as a written submission
This definition links "Tender" to its written format.
"Tender" means a written submission that outlines the terms, pricing, and conditions proposed by the bidder in response to an invitation to tender, including all necessary supporting documentation.
Definition of "Tender" as an invitation to bid
This definition ties "Tender" to its role as an invitation.
"Tender" refers to an invitation extended by an organization or government body, requesting bids or proposals from qualified individuals or firms for a specific project or service.
Definition of "Tender" as an offer for a contract
This definition applies "Tender" to its use in contract proposals.
"Tender" means a proposal submitted by a party offering to undertake work, deliver goods, or provide services under the terms and conditions set forth in the invitation or request for proposals.
Definition of "Tender" as a request for proposals (RFP)
This definition connects "Tender" to a request for proposals.
"Tender" refers to a formal request made by an organization for proposals from interested vendors, typically outlining the scope of work, requirements, and evaluation criteria for selection.
Definition of "Tender" as an expression of interest
This definition ties "Tender" to an expression of interest in bidding.
"Tender" means an expression of interest submitted by a party indicating their intention to submit a formal bid for the provision of goods, services, or work on a specified project or contract.
Definition of "Tender" as a sealed bid
This definition links "Tender" to the sealed bid process.
"Tender" refers to a bid that is submitted in a sealed envelope or electronic format, ensuring confidentiality until the bid opening process, as per the tendering rules and regulations.
Definition of "Tender" as a negotiated offer
This definition applies "Tender" to a negotiation process.
"Tender" means an offer that has been negotiated between the parties, often involving adjustments to terms, conditions, or pricing before being officially submitted or accepted.
Definition of "Tender" as a public procurement offer
This definition connects "Tender" to public procurement.
"Tender" refers to an offer submitted as part of a public procurement process, where government or public entities invite bids to procure goods, services, or works under public sector contracting rules.
Definition of "Tender" as a proposal submission deadline
This definition ties "Tender" to its submission deadline.
"Tender" means the formal submission of a bid or proposal by a party, typically before a specified deadline, in response to an invitation to tender issued by an organization or government body.
Definition of "Tender" as a process of competitive selection
This definition links "Tender" to the selection process.
"Tender" refers to the process through which offers are invited, received, and evaluated in a competitive manner, often leading to the selection of a vendor or contractor based on the best offer.
Definition of "Tender" as a formal bidding procedure
This definition applies "Tender" to its procedural context.
"Tender" means a formal procedure that is used to invite and submit offers for the supply of goods, services, or works, typically governed by detailed legal and procedural requirements.
Definition of "Tender" as an offer subject to acceptance
This definition connects "Tender" to its conditional nature.
"Tender" refers to an offer that is made by a party, which may be accepted or rejected by the requesting organization or body based on the terms and conditions set forth in the invitation to tender.
Definition of "Tender" as an offer in the context of a construction project
This definition ties "Tender" to construction projects.
"Tender" means a formal offer submitted by a contractor in response to an invitation to bid on a construction project, including detailed specifications, pricing, and other requirements.
Definition of "Tender" as an offer involving terms and conditions
This definition applies "Tender" to its terms and conditions.
"Tender" refers to an offer made by a party, which includes terms and conditions specifying the scope of work, price, and other elements relevant to the proposed contract.
Definition of "Tender" as an offer with financial terms
This definition connects "Tender" to financial terms.
"Tender" means an offer that includes the proposed financial terms, such as pricing, payment conditions, and schedules, as part of the bid or proposal submitted in response to an invitation to tender.
Definition of "Tender" as a contract offer
This definition ties "Tender" to its use in contracts.
"Tender" refers to an offer made in writing, typically with the intention of entering into a binding contract upon acceptance by the receiving party.
Definition of "Tender" as a formal offer
This definition ties "Tender" to its role as a formal offer in contracts.
"Tender" means a formal offer made in response to an invitation to submit bids or proposals for the supply of goods, services, or works.
Definition of "Tender" as an invitation to bid
This definition connects "Tender" to the process of inviting bids.
"Tender" refers to the invitation issued by a party seeking bids or proposals for a project or procurement, which may involve specific conditions and requirements.
Definition of "Tender" as a competitive bidding process
This definition links "Tender" to a competitive bidding process.
"Tender" means a process in which multiple parties submit competitive bids for a project or contract, with the goal of selecting the best offer based on specific criteria.
Definition of "Tender" as a written proposal
This definition applies "Tender" to a written submission.
"Tender" refers to a written proposal submitted by a vendor or contractor, detailing terms, conditions, and pricing for the provision of goods or services.
Definition of "Tender" as a public procurement offer
This definition ties "Tender" to public procurement.
"Tender" means an offer made in response to a public procurement process, where government or public bodies invite bids to procure goods, services, or works.
Definition of "Tender" as a sealed bid submission
This definition links "Tender" to a sealed bid.
"Tender" refers to a bid submitted in a sealed envelope or electronic format, maintaining confidentiality until the official opening.
Definition of "Tender" as a bid with terms and conditions
This definition connects "Tender" to its terms and conditions.
"Tender" means an offer that includes all terms, conditions, and specifications outlined by the party inviting the bid, including pricing, timelines, and scope of work.
Definition of "Tender" as an expression of interest
This definition ties "Tender" to an expression of interest.
"Tender" refers to an expression of interest from a potential bidder, indicating their intent to submit a formal proposal for a specified contract or project.
Definition of "Tender" as a regulated bidding process
This definition links "Tender" to a regulated process.
"Tender" means a bid submitted in compliance with established rules and regulations governing the procurement process, ensuring fairness and transparency in the selection.
Definition of "Tender" as an offer subject to acceptance
This definition connects "Tender" to its conditional nature.
"Tender" refers to an offer made with the understanding that it will only become valid if accepted by the receiving party under the terms outlined in the tender request.
Definition of "Tender" as a contract offer
This definition applies "Tender" to its role in contract proposals.
"Tender" means an offer that includes the proposed terms for a contract, including price, deliverables, and project timeline, made in response to an invitation to tender.
Definition of "Tender" as an offer to perform work
This definition ties "Tender" to work proposals.
"Tender" refers to an offer to perform specific work, supply goods, or provide services under the terms and conditions set forth by the party requesting the tender.
Definition of "Tender" as an offer with detailed specifications
This definition links "Tender" to detailed specifications.
"Tender" means an offer that provides a detailed description of the goods, services, or work to be supplied, including technical specifications and compliance with relevant standards.
Definition of "Tender" as a legally binding offer
This definition connects "Tender" to its binding nature.
"Tender" refers to an offer that, once accepted, becomes legally binding on the party submitting the tender, subject to the terms and conditions specified in the tender documents.
Definition of "Tender" as an offer involving competitive selection
This definition ties "Tender" to a competitive selection process.
"Tender" means an offer made as part of a competitive selection process where multiple vendors or contractors submit bids to secure a contract or project.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.