Definition, Meaning & Synonyms
tendering
noun
/ˈtɛndərɪŋ/
Definition
The process of submitting a formal offer, typically in response to a request for proposals (RFP) or invitation to tender.
Examples
- The tendering process for the construction project attracted numerous bids.
- The government is currently tendering for new suppliers for office supplies.
- After reviewing all submissions, the committee will decide on the best tender.
Meaning
Tendering often involves businesses or contractors submitting their bids to provide goods or services, aiming to win contracts from clients, often in the public sector.
Synonyms
- bidding
- offering
- proposal
