A Simple Key For tender vs firm Unveiled

All legal tender fork-tender self-tender tender-hearted tender offer sealed-bid tender invitation to tender See all meanings term on the Day

specific investors, professional banks, firms, pension resources, brokers, and dealers are a lot of the typical customers of government securities. In exchange for purchasing these securities, buyers will get the government's promise of project management consultant tender full repayment at maturity in addition to a specified interest payment.

Tender usually refers to the process whereby governments and economical establishments invite bids for big projects that needs to be submitted inside a finite deadline.

a approach to deciding on the best organization to provide products or do a position by inquiring a number of providers to produce offers to the get the job done:

: one which tends or normally takes treatment: as being a : a ship used to show up at other ships (as to produce foodstuff) b : a boat that carries passengers or freight between shore and a bigger ship c : a car hooked up into a locomotive for carrying gasoline and water tender

a : very easily chewed : succulent b : possessing a tender or yielding texture : easily damaged, Lower, or damaged : fragile, fragile tender toes

Cleaning services have been place out to tender (= providers are questioned to make offers to provide these services).

a competitive tender A local firm submitted the lowest tender. The bus enterprise is inviting tenders for quite a few new buses. Questions about grammar and vocabulary?

turning out to be a contractor calls for businesses to compete with one another by presenting proposals and quotes based on the requirements outlined with the government or company inside their invitation to tender. This process is usually called a call for bids.

, blanch them in salted drinking water for two or three minutes and drain ahead of sauteing. From NPR In the exact same pot of h2o, blanch the bok choy halves for one-two minutes or until tender

To entice shareholders to launch a specific range of shares, the offer usually exceeds the current marketplace worth of the shares. inside the U.S., tender offers are highly scrutinized and subject matter to comprehensive regulation.

medium of exchange, monetary program - anything at all that is normally accepted as a regular of value in addition to a evaluate of prosperity in a particular nation or region

These examples are programmatically compiled from various online resources to illustrate latest usage of the term 'tender.' Any viewpoints expressed from the examples never represent People of Merriam-Webster or its editors. mail us feedback about these examples.

both of those bids and tenders are subject to legal needs that govern the procurement process and guarantee fairness and transparency. customers should abide by precise procedures when issuing RFPs, RFQs, ITTs, and evaluating bids or tenders. Suppliers need to adjust to the terms and conditions outlined inside the bidding documents and meet up with any eligibility criteria established by the client.

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