Tendering: meaning, definitions and examples

Etymology

• 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.

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.

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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