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A Tender is an open offer "to Make an offer".
Ex:
A Company wants to buy 1000 computers.
It will give a tender notice in News papers with all the specifications it wants, for manufacturers to respond to it.
Many manufacturers respond bidding their price for the 1000 computers.
The most competitive bid wins the tender (deal/contract).
Wiki User
∙ 13y ago
Wiki User
∙ 11y agoA tender for contract is the formal documentation that a buying organisation issues to potential suppliers inviting them to make an offer for the supply of goods and services.
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How is a contract discharged by tender of performance?
the parties do what they said they would do under the contract
What does TENDER a contract mean?
It just means "to offer".
What is a formal contract?
It is an agreement between the chicken and the tender.
What does it mean to non tender someone?
to not offer them a contract
What does it mean to submit a tender for a business contract?
i am in a small business which is going up for tender soon what does that entail
What is the difference between tender and contract drawing?
Tender is a formal invitation to suppliers to make an offer to the buyer for the supply of goods and services as set out in the specification document within the formal tender document. Contract is the formal agreement between the buying organisation and the supplier setting out what services and products the supplier is contracted to deliver and within the timeline and contract price.
What is the difference between a contract document and a tender document?
A contract is an agreement between two parties for any means, typically involving some sort of exchange. A tender document is a document that indications the specification of a customer.
Who prints the argos catalog?
Its out sourced to subcontractor printers who tender for the contract annually.
What will happen to the tender bond if the tender who has been accepted fails to provide performance security?
The Tender Bond will be forfeited if the Tenderer withdraws his Tender during the period of tender validity specified in the Tender Documents; or in the case of a successful Tenderer, if the Tenderer fails to sign the Contract and/or furnish the Performance Bond
What do you mean by tender notice?
To Tender Notice means in basic to GIVE NOTICE of an event. In employment terms tender notice would mean to resign or have a notice of termination of employment given to you. Business terms it can mean to give forwarning of ceasation of a contract, partnership etc
Who won this contract Occidental of oman inc crude stabilization unit tender?
Gulf petrochemical services and Trading LLC
What does capacity of person signing mean?
The role of the person signing (the contract/document)
