Tendering Meaning: Definition, Examples, and Translations

Business Practices

• In the construction industry, tendering is essential for competitive bidding, where multiple contractors propose their services and costs.
• There are several types of tenders: open, selective, and negotiated, each serving different industry needs.
• Winning a tender often involves showcasing value through cost efficiency and quality service.

Legal

• Tendering can have legal implications; a tender often creates binding obligations once accepted.
• Governments often use tendering to ensure transparency and fairness when contracting projects.
• Breach of tender agreement can lead to legal disputes, emphasizing the importance of careful proposal crafting.

Cultural Contexts

• In some cultures, tendering is not just about business but also about trust and relationships, where honor plays a vital role.
• Social tendering refers to the process of seeking community input and engagement in public projects.
• The concept of tendering is seen in community efforts, where locals propose projects meant to benefit the whole group.

Psychology

• The act of tendering in negotiations can be linked to concepts of trust and collaboration, as it often involves mutual benefits.
• Psychological studies show that people are more likely to accept proposals framed positively—a tactic often used in tender submissions.
• Understanding how to create compelling proposals can increase the likelihood of acceptance, highlighting the connection between communication and persuasion.

Main points about word origin

• The word comes from the Old French 'tendre,' meaning 'to stretch or extend,' reflecting the act of offering something.
• In the 19th century, the term began to be used in business contexts, indicating a formal proposal.
• It is related to 'tender,' which also describes something gentle, showing the soft nature of making offers.

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.

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

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