Request for Tender
/ˈrɛkwɛst fɔːr ˈtɛndər/
Definitions
- (n.) A formal invitation issued by an organization to suppliers to submit bids to supply goods or services under specified terms.
The company issued a request for tender to find the most competitive contractor for the project.
Forms
- requests for tender
Related terms
See also
Commentary
A request for tender is distinct from a request for proposal by its typically more rigid, formal bidding process and precise specifications.
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.