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Aug 25, 2023 · Tenderee and tenderer are terms most commonly associated with the process of tendering in business and procurement. While a tenderee is the entity or individual who receives the tender or bid, the tenderer is the entity or individual that submits the tender or bid.
- Bidder vs. Tenderer
A bidder participates in auctions, offering prices for items...
- Bidder vs. Tenderer
noun. One who tenders (a bid, a contract, etc.). Wiktionary.
In its simplest form, tendering is the process by which an organisation who is in need of goods/services invites other parties to submit a proposal or bid to provide these goods/services. This invitation is formally referred to as a Request for Tender (RFT). Looking for a more detailed description?
Jun 12, 2024 · A bidder participates in auctions, offering prices for items or services, while a tenderer submits proposals to secure contracts, often in formal procurement processes.
1. : marked by, responding to, or expressing the softer emotions : fond, loving. a tender lover. 2. a. : showing care : considerate, solicitous. tender regard. b. : highly susceptible to impressions or emotions : impressionable. a tender conscience. 3. a. : easily chewed : succulent. b.
a. Law An offer to pay the amount due under a debt or obligation. b. A written offer to contract goods or services at a specified cost or rate; a bid. 2. Something, especially money, offered in payment. tr.v. ten·dered, ten·der·ing, ten·ders. 1. To offer formally: tender a letter of resignation.
Apr 5, 2024 · Tendering is a business process when a company floats a tender and receives numerous proposals from suppliers or contractors expressing interest in their open projects. The procurement committee from the buyer side handles the entire process to find the supplier match for their raw material, goods, or services needs.
