Tenderer
/ˈtɛn.dər.ər/
Definitions
- (n.) A person or entity who submits a bid or proposal in response to an invitation to tender.
The tenderer submitted the lowest bid for the construction contract.
Related terms
See also
Commentary
Use 'tenderer' to specifically denote the party making a formal offer under competitive bidding procedures.
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.