Okuzeka
Public Administration vocabulary · Public Procurement

Tender

Meaning in public administration, with examples

/ˈtendə/nounCore term

In public administration, tender means: A formal invitation for companies to offer to supply goods, services or works at a stated price, or the written offer a company submits in reply.

In Turkish: ihale, teklif

How it is used

Mainly British and international usage; Americans more often say bid or solicitation. A public body issues or launches a tender, companies submit tenders, and the contract is awarded to the winning tender. The verb is to tender for something.

Example sentences

  1. The municipality has launched a tender for the new bus fleet.

  2. Five companies submitted tenders, but two were rejected for missing documents.

Common collocations

  • launch a tender
  • submit a tender
  • win a tender
  • call for tenders
  • open tender
  • bidAn offer by a company to supply goods, services or works for a stated price, made in response to a public tender; also used as a verb.
  • public procurementThe process by which governments and public bodies buy goods, services and construction work from private companies, usually through open competition.
  • contractorA company or person that has signed a contract to provide goods, services or construction work, especially for a public body.
  • value for moneyGetting the best possible result from public money, considering not only the price but also quality, efficiency and how well the spending achieves its aims.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Public Procurement

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