Public Tendering
/ˈpʌblɪk ˈtɛndərɪŋ/
Definitions
- (n.) A formal procurement process where public sector entities invite bids for contracts to supply goods or services, ensuring transparency and equal opportunity.
The municipality initiated public tendering to select the contractor for the new library.
Forms
- public tendering
Related terms
See also
Commentary
Public tendering emphasizes adherence to legal norms of fairness and transparency in government contracting and is often governed by specific statutory frameworks.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.