Tender is to invite bids for a project, or to accept a formal offer such as a takeover bid. Tender usually refers to the process whereby governments and financial institutions invite bids for large projects that must be submitted within a finite deadline. The term also refers to the process whereby shareholders submit their shares or securities in response to a takeover offer.

To invite bids for a project, or to accept a formal offer such as a takeover bid. Tender usually refers to the process whereby governments and financial institutions invite bids for large projects that must be submitted within a finite deadline.

A bidding process that is open to all qualified bidders and where the sealed bids are opened in public for scrutiny and are chosen on the basis of price and quality. Also called competitive tender or public tender.Open tenders, open calls for tenders, or advertised tenders are open to all vendors or contractors who can guarantee This may form part of a two-stage process, the first stage of which in the expression-of-interest tender call) produces a shortlist of suitable vendors.

A written invitation sent to potential suppliers of a good or service to inform them about the information required for the buyer to choose among them.Issuing a tender document typicaly begins the tender process by which a business selects qualified and interested suppliers based on such things as their prive, availability and proposed delivery terms.

An LTE is also an Notice Inviting Tender (NIT) , limited only to a few bidders. Hence, all the documents that make an NIT ,such as description of requirement, associated terms and conditions , a fixed date and time for responding etc are sent , called tender enquiry, to the bidders.Tender is a compilation album by British rock artists Wishbone Ash, released in May 2008 by the Talking Elephant label