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Tendering: meaning, definitions and examples

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tendering

 

[ หˆtษ›ndษ™rษชล‹ ]

Noun
Context #1 | Noun

business process

Tendering refers to the process of submitting a formal offer to undertake work or provide goods at a specified price. It is commonly used in procurement, where businesses invite suppliers to submit bids for projects or contracts. Tendering helps ensure transparency and competitiveness in procurement decisions.

Synonyms

bidding, offer, proposal

Examples of usage

  • The company is currently in the tendering phase for the new construction project.
  • During the tendering process, various bids are compared to select the best one.
  • Tendering is essential for large public contracts.
  • Our team is preparing the necessary documents for the tendering process.

Translations

Translations of the word "tendering" in other languages:

๐Ÿ‡ต๐Ÿ‡น licitaรงรฃo

๐Ÿ‡ฎ๐Ÿ‡ณ เคจเคฟเคตเคฟเคฆเคพ

๐Ÿ‡ฉ๐Ÿ‡ช Ausschreibung

๐Ÿ‡ฎ๐Ÿ‡ฉ tender

๐Ÿ‡บ๐Ÿ‡ฆ ั‚ะตะฝะดะตั€

๐Ÿ‡ต๐Ÿ‡ฑ przetarg

๐Ÿ‡ฏ๐Ÿ‡ต ๅ…ฅๆœญ

๐Ÿ‡ซ๐Ÿ‡ท appel d'offres

๐Ÿ‡ช๐Ÿ‡ธ licitaciรณn

๐Ÿ‡น๐Ÿ‡ท ihale

๐Ÿ‡ฐ๐Ÿ‡ท ์ž…์ฐฐ

๐Ÿ‡ธ๐Ÿ‡ฆ ู…ู†ุงู‚ุตุฉ

๐Ÿ‡จ๐Ÿ‡ฟ vรฝbฤ›rovรฉ ล™รญzenรญ

๐Ÿ‡ธ๐Ÿ‡ฐ tender

๐Ÿ‡จ๐Ÿ‡ณ ๆ‹›ๆ ‡

๐Ÿ‡ธ๐Ÿ‡ฎ razpis

๐Ÿ‡ฎ๐Ÿ‡ธ tilboรฐ

๐Ÿ‡ฐ๐Ÿ‡ฟ ั‚ะตะฝะดะตั€

๐Ÿ‡ฌ๐Ÿ‡ช แƒขแƒ”แƒœแƒ“แƒ”แƒ แƒ˜

๐Ÿ‡ฆ๐Ÿ‡ฟ tender

๐Ÿ‡ฒ๐Ÿ‡ฝ licitaciรณn

Etymology

The term 'tendering' originates from the word 'tender', which is derived from the Latin 'tendere', meaning 'to stretch or extend'. In the context of business and finance, the use of 'tender' began to evolve in the 18th century, especially within government and construction sectors where formal bids were required for projects. The practice of tendering became widely established as a means to ensure fair competition and transparency in awarding contracts. Over time, the concept has expanded beyond government contracts to include private sector projects, making tendering a crucial component in modern procurement processes.

Word Frequency Rank

With rank #18,474, this word belongs to specialized vocabulary. While not common in everyday speech, it enriches your ability to express complex ideas.