What is tender?

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Question: What is tender?

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adjective,showing gentleness, kindness, and affection. A tender is an invitation to bid for a project or accept a formal offer such as a takeover bid. A tender document is the basis of a tendering process which helps a business select qualified. In business terms, Tender is an invitation from a buyer who requires particular goods or services to suppliers of those products to put in negotiable price bids. Bidding is an offer to set a price tag by an individual or business for a product or service or a demand that something be done. A tender is a submission made by a prospective supplier in response to an invitation to tender.

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Answered By:
Anushka

Anushka

Thiruvananthapuram, India

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