tendering
Presenting for acceptance
Tendering is the process of submitting formal bids or offers for contracts, typically in business or government procurement: The company is tendering for the construction project.
The term appears in contexts where competitive bidding is required—multiple parties tender proposals, and the contract goes to the winning bid.
In another sense, tendering means offering something formally: tendering one's resignation, tendering payment.
Offer to purchase
- proposalFormal plan for consideration
- submissionYielding to another's will
- quoteRepeated words from another
- specificationDetailed technical requirement
deadline · evaluation · prequalification · eligibility · pricing · estimation · notice · clarification
Obtaining from suppliers
- vendorOne who sells goods
- supplierSource of goods
- acquisitionAct of obtaining something
- purchasingAcquiring through payment
requisition · supply chain · commodities · services · materials · equipment · buying · provisioning
Rivals offering prices
- marketplaceVenue for commerce
- contestOrganized competitive event
- vyingCompeting eagerly for something
- incumbentsCurrent holders of positions
challenger · head-to-head · undercutting · price war · market share · competitive advantage · outbid · winner's curse
Shared position between parties
- clauseProvision in agreement
- obligationRequired task or commitment
- partiesOrganized social gatherings
- executionCompleting a planned task
fulfillment · compliance · penalty · performance · termination · renewal · validity · warranty
Negotiating mutually acceptable terms
- concessionYielding a point
- counter-offerAlternative proposal in negotiation
- dialogueSpoken exchange between parties
- hagglingNegotiating a lower price
deal-making · compromise · terms · value engineering · contract negotiation
bid
Offer to purchase
- proposalFormal plan for consideration
- submissionYielding to another's will
- quoteRepeated words from another
specification · deadline · evaluation · prequalification · eligibility · pricing · estimation · notice · clarification · amendment
sourcing
Obtaining from suppliers
- vendorOne who sells goods
- supplierSource of goods
- acquisitionAct of obtaining something
purchasing · requisition · supply chain · commodities · services · materials · equipment · buying · provisioning · government contracts
competitive bidding
Rivals offering prices
- marketplaceVenue for commerce
- contestOrganized competitive event
- vyingCompeting eagerly for something
incumbents · challenger · head-to-head · undercutting · price war · market share · competitive advantage · outbid · winner's curse
agreement
Shared position between parties
- clauseProvision in agreement
- obligationRequired task or commitment
- partiesOrganized social gatherings
execution · fulfillment · compliance · penalty · performance · termination · renewal · validity · warranty · breach
bargaining
Negotiating mutually acceptable terms
- concessionYielding a point
- counter-offerAlternative proposal in negotiation
- dialogueSpoken exchange between parties
haggling · deal-making · compromise · terms · value engineering · contract negotiation
- contractsbinding contracts, contract length, lease, clause, contract terms
- procurementprocurement, purchasing, purchase order, bidding, subcontract
- guidingadvising, directing, guiding, instructing, leading
- Crab Fishingcrab pot, crab trap, crab boat, king crab, snow crab
tenderingwithholding
Keeping from another
withdrawing · retracting · retaining · holding back · rescinding
tenderingwithdrawing
Removing or pulling away
retracting · rescinding · revoking · pulling out · cancelling
tenderingabstaining
Voluntarily doing without
passing · opting out · sitting out · non-participation · boycotting
tender, extend, pretend, extent, intensity, intensify, intention, extensive, intended