Tendering
/ˈtɛn.dər.ɪŋ/
Definitions
- (n.) The act of formally offering to perform work or supply goods at a specified price, often in response to a call for bids by a contracting authority.
The company submitted its tendering documents before the deadline.
- (n.) The process by which a debtor offers payment to a creditor to satisfy an obligation, often by delivering money or an instrument of payment.
Tendering payment promptly helped avoid legal penalties.
Forms
- tenderings
Related terms
See also
Commentary
Tendering commonly refers both to bidding in procurement and to offering payment; context distinguishes its use in contracts versus debt satisfaction.
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.