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| Tenders are special procedures followed to conduct a competition to generate competitive prices among different independant bidders looking to obtain an award of business activity in works, supply, or service contracts. The term originates in the use of tenders, small boats that would assist the functioning of a larger boat or ship when arriving at a ]. When merchant ships were about to arrive at a port, they would post a notice describing the goods they wished to buy or sell. This notice was delivered ahead of the larger ship by a tender (boat), and hence the process became known as tendering (i.e., describing the delivery of offers for buying or selling to facilitate the procurement of goods or services) | |||
| ⚫ | '''Tender''' may mean: | ||
| ⚫ | '''Tender''' may also mean: | ||
| In finance: | In finance: | ||
| *A process by which one can seek prices and terms for a particular project (such as a construction job) to be carried out |
*A process by which one can seek prices and terms for a particular project (such as a construction job) to be carried out under a contract. The sealed offers themselves, including company information, a project outline, and a price quote, are known as tenders or bids. See Also: ], ], ] and ]. | ||
| *], is a term used in ] by ] for disbusrments of ] funds from ] to ] in ]. | *], is a term used in ] by ] for disbusrments of ] funds from ] to ] in ]. | ||
| *], a term used of ] | *], a term used of ] | ||
Revision as of 03:37, 9 August 2006
Tenders are special procedures followed to conduct a competition to generate competitive prices among different independant bidders looking to obtain an award of business activity in works, supply, or service contracts. The term originates in the use of tenders, small boats that would assist the functioning of a larger boat or ship when arriving at a port of call. When merchant ships were about to arrive at a port, they would post a notice describing the goods they wished to buy or sell. This notice was delivered ahead of the larger ship by a tender (boat), and hence the process became known as tendering (i.e., describing the delivery of offers for buying or selling to facilitate the procurement of goods or services)
Tender may also mean:
In finance:
- A process by which one can seek prices and terms for a particular project (such as a construction job) to be carried out under a contract. The sealed offers themselves, including company information, a project outline, and a price quote, are known as tenders or bids. See Also: Tenders, reverse auction, Contract A and RFQ.
- Public Tendering, is a term used in Public Procurement by Government for disbusrments of State funds from public sector to private sector in public business activities.
- Legal tender, a term used of currency
- tender offer - used to propose a buyout of a public company
In transport:
- one of several types of boat or ship, all sharing the general function of servicing another type of air or sea vessel:
- destroyer tender – supplies and services destroyers
- luxury yacht tender - supplies and services a private or charter luxury yacht
- seaplane tender - supplies and services seaplanes
- submarine tender - resupplies submarines
- motor torpedo boat tender - resupplies motor torpedo boats
- ship's tender - used to transport people and supplies to and from a large ship
- dive tender - another name for Diving support vessel
- lighthouse tender - used to tend lighthouses and, later, buoys
- Tender locomotive, a type of railroad car hauled immediately after the locomotive proper that contains the fuel and water
- The Israeli name for a pickup truck
Other:
Topics referred to by the same term
This disambiguation page lists articles associated with the title Tender.If an internal link led you here, you may wish to change the link to point directly to the intended article. Category: