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Feb 3, 2023 · Open Tender; An open tender invites all eligible contractors to submit a bid for a construction project. This tender type is typically used for larger, more complex projects and allows for competitive pricing. Advantages of Open Tender. High Transparency: In Open tenders, there are high levels of transparency and competition.
TENDER meaning: 1 : very loving and gentle showing affection and love for someone or something; 2 : easy to chew or bite not tough
Term tender This type of tender is mostly used in large projects which require high maintenance. Through this tender, the contractor is asked to cover specific buildings or constructions in various locations. Term tender is limited to a fixed time and can demand certain criterion which is to be met by the supplier adhering to the needs of the ...
Definition of tender verb in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
A tender offer is a public invitation to buy some or all of a corporation's stock from its shareholders at a predetermined price and within a specific time frame. The offered price is typically higher than the current market price. Tender offers typically offer a premium above the market price to incentivize shareholders to sell their shares.
1 a formal offer to supply goods or do work at a stated price synonym bid 1 Cleaning services have been put out to tender (= companies have been asked to make offers to supply these services). a competitive tender A local firm submitted the lowest tender. The bus company is inviting tenders for a number of new buses.
tender, n.¹ meanings, etymology, pronunciation and more in the Oxford English Dictionary
