What is the meaning of tender in business?

A tender is an invitation to bid for a project or accept a formal offer such as a takeover bid. Tendering usually refers to the process whereby governments and financial institutions invite bids for large projects that must be submitted within a finite deadline.

What does tender mean as a verb?

transitive verb. 1 : to present for acceptance : offer tendered my resignation. 2 : to make a tender of. intransitive verb. : to make a bid or tender.

How do you use tender in a sentence?

Tender sentence example

Her neck was tender and swallowing was painful. ...
His eyes were so tender — so sweet. ...
Nicholas turned with a tender smile on his face. ...
He ate anyway, surprised to find the chicken tender and juicy and the veggies still slightly crisp and well-seasoned.

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What is a tender in healthcare?

Tendering can be defined as: “The acquisition of pharmaceuticals based on a competitive bidding process where the contract is granted to the pharmaceutical supplier who offered the best bid following strict criteria” [6, 7].

What is tender example?

The definition of tender is easy to chew or being delicate or soft in action. An example of tender is a piece of steak that is not tough. An example of tender is the way in which a mother gently rubs her baby's back. A strip of meat, usually chicken, often breaded, deep-fried, and served with a sauce.

What is tender procedure?

In construction, tendering is a process for getting a contractor and agreeing on a price. Tendering is the process by which the client or employer invites contractors to place a bid for work on a construction project. ... The tender documents are legally binding and are signed by all parties involved.

What is tender in a person?

tender Add to list Share. If you're tender, it means you're fragile, sensitive, easily bruised or gentle. Young, easily cut beef and a sentimental heart can both be called tender.

What is tender amount?

Tender Amount means the amount proposed and offered by the Bidder in the Tender for the proposed purchase of the Property; Sample 1.

What are tendering documents?

A tender is a submission made by a contractor in response to an invitation to tender. ... Tender documents are prepared to seek offers. Tender documents may be prepared for a range of contracts, such as equipment supply, the main construction contract (including design by the contractor), demolition, enabling works, etc.

What is a drug tender?

Tendering is a formal procedure to purchase medications using competitive bidding for a particular contract. Although useful for cost containment, tendering can lead to decreased competition in a given market.

What is tender fee?

Tender Fee means an amount of money required by the Municipality to be paid to it as a non- refundable fee by each and every tenderer in respect of each and every tender submitted to the Municipality by such tenderer.

What are the types of tender?

Tenders in India There are various types of tenders, such as open tender, selective tender, serial tender, negotiated tender, and term tender. 1. Open Tender An open tender is the principal tender procedure employed by both the private and government sectors.

What are tender qualifications?

Pre-qualification is the stage of the tender process where a number of organisations are pre-selected and subsequently asked to submit a tender.

What is a tender age?

: a very young age He was playing the piano at a tender age.

What is a tender strategy?

The most common type of tendering strategy is the single-stage competitive tender used for obtaining a price for the whole of the construction works. ... Invitation to tender documents issued to a number of competing contractors who are all given the chance to bid for the project based on identical tender documentation.

What are the documents required for tender?

The Tender documents include the following sections: (a) Instruction Sheet (b) Section A: Invitation to Tender and Tendering Conditions (c) Section B: General Conditions of Contract and Special Conditions of Contract (d) Section C: Technical Specifications & Drawings (e) Section D: Format for Submission of E-bid.

What is EMD value in tender?

EMD stands for Earnest Money Deposit. It is taken by the organization to ensure that only serious bidders participate in the tender. This is a refundable deposit which is sought in the form of fixed deposit Receipt/crossed Bank Draft/Irrevocable Bank Guarantee.

How do you tender?

What follows is an overview of the main steps you should take to prepare a competitive tender.

Register your interest. ...
Attend tender information sessions. ...
Develop your tender response strategy. ...
Review recent awarded contracts. ...
Write a compelling bid. ...
Understand the payment terms. ...
Find referees. ...
Check and submit your bid.

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What is the feeling of tenderness?

Tenderness is a feeling of concern, gentle affection, or warmth. It's the quality of a person who cries when they see someone get hurt or who gently picks up a tiny kitten.

What age range is tender age?

Border Patrol chiefs in the field have generally referred to children "of less than 5 being tender age," Hastings said. But according to an official from the Department of Health and Human Services, a "tender age" child can be up to 13 years old.

What is the meaning of tender in business?

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