👉 Tenderers are individuals or organizations that submit bids or proposals for a specific contract, project, or service. They are responsible for preparing their own bid documents and submitting them to potential bidders. In many cases, the bidder is awarded the contract based on the highest bid submitted by the tenderer. Tenders can be made online, in person, or through an agency.
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What is the definition of Tenderer? 🙋
👉 A tenderer is a person who submits an offer or bid for something, usually in a formal or competitive manner. They might be involved in various forms of business, such as bidding for contracts, purchasing goods and services, or even making decisions on charitable donations. In many contexts, "tender" refers to the act of submitting an offer or bid. It's important to note that some jurisdictions may have specific definitions or terms for tendering, which are not typically found in general English usage.
