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A bid is making a financial offer for something or the amount of money that you will pay for something. A tender is offering a service at a specific price.

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Q: What is the difference between bid and tender?
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What is the difference between a tender and auction?

what is the difference between an auction and a tender


What is the difference between a quotation and a tender?

tender is a own organisation format but quotation is a organisation format.


Difference between the bid price and offer price?

The ''bid price'' is the price at which an investor can sell the securities he/she holds. The ''offer price is the price at which an investor can buy securities.


What Is The Difference Between Tender And Quotations?

Tender is the enquiry floated by the purchaser for the purchase of any material, completion of work etc. Quotation is the answer given by the supplier to tender enquiry in terms of rate quoted for each item etc.


What is offer to bid pricing in unit trust?

In the very simplest of terms, the price at which units in a unit trust are bought (the offer price) is greater than the selling price (the bid price) and the difference is a combination of various charges. Hence, the value of the unit trust fund has to increase to cover this difference before the units can be sold without a loss. These prices (on an offer to bid basis) are the normal trading prices and use the maximum buying price. If there are a lot of sellers then the bid price may be reduced by the managers to a lower price to discourage sales (on a bid to offer basis). The lowest bid price is called the cancellation price and is dependent upon the value of the assets of the unit trust. Also, unit trusts do not all have the same difference between buying and selling prices.

Related questions

What is the difference between a tender and bid?

A bid is usually restricted to making a financial offer eg: at an auction you might make a bid of a certain price for a painting. A tender means that you will offer a service/item at a certain price. So it's a lot more complex than just dealing with a price.


What is the difference between a tender and auction?

what is the difference between an auction and a tender


What is the difference between an open and closed tender?

The difference between an open and closed tender is located on the range of the bidders. Open tenders allow any supplier to bid for your business and also can be useful in establishing the average cost of systems and standard inclusions/ exclusions which closed tender invites select suppliers who have been identified meet or close to your requirements.


What is difference between bid security and Bid Bond?

There is no difference. Bid securities can come in different types. A bid bond is just one type of bid security.


What is the difference between tender document and tender notice?

A tender notice is a public announcement inviting bids from potential suppliers, while a tender document contains detailed information about the project, requirements, terms, and conditions for the bidding process. The tender notice alerts potential bidders to the opportunity, while the tender document provides the specific guidelines for submitting a bid.


What is the difference between tender and bid documents?

they all mean the same thing.they are documents indicating specification of a customer.even in the English language we have two or more words implying the same thing.


What is the difference between a quotation and a tender?

tender is a own organisation format but quotation is a organisation format.


Explain the difference between bid and q12h?

hi there its the same, i.e. bid=q12h tid=q8h qid=q6h


What term is there for a difference between Bid and Ask pricing measured in pips?

The term for the difference between Bid and Ask pricing measured in pips is called the "spread." It represents the transaction cost for trading a financial instrument.


Synonym for bid?

Charge, offer, tender, proffer, proposal and require


Difference between the bid price and offer price?

The ''bid price'' is the price at which an investor can sell the securities he/she holds. The ''offer price is the price at which an investor can buy securities.


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.