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- Dictionarytender/ˈtɛndə/
adjective
- 1. showing gentleness, kindness, and affection: "he was being so kind and tender" Similar Opposite
- 2. (of food) easy to cut or chew; not tough: "tender green beans" Similar Opposite
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A tender, also known as an invitation to tender, a request for tender or a bid, is a formal, structured process for procuring goods or services. A tender can come in many forms and sizes, depending on the preferences of the buyer and the level of detail required to make an informed contract award.
Jul 5, 2024 · Tender management is the structured process of getting information from the market to make a purchase or responding to a request sent by another organisation to purchase from you. It is about ensuring that bids or purchases align with company values, needs, budgets, security and compliance requirements, and so on.
5 days ago · A tender refers to an invitation by an organisation for vendors to participate and bid for a project. A bid is a response to this invitation by a vendor/bidder. After the closing time for a bid, the organisation selects the best possible bid based on a set criteria.
1 day ago · Join EPF network of suppliers and unlock growth potential for your business through EPF transparent open tender system. Find out more here.
Jul 8, 2024 · A tender is a formal proposal or request issued by a company, and sometimes government, to suppliers. Generally, the issuance of tender is a call for the suppliers to bid for the supply of a specific project, product or service.
Jul 18, 2024 · Tendering in construction is the formal process by which contractors and subcontractors submit bids to undertake a construction project, following the client’s issuance of a request for tender (RFT) or invitation to tender (ITT).
Jul 15, 2024 · A tender in construction is a formal process where an organisation invites contractors to submit bids for a specific project. The tender process involves several stages: inviting to tender, bid submission, evaluation, and contract award, and is crucial in the engineering and construction industry.