Business Pitch Dictionary by pitch.dog
RFI, RFP, RFQ & tender documents · Core

Bid

Also called: tender submission

ELI5

A supplier's priced or structured response seeking an award.

Used in conversation

“Can we circulate bid with the assumptions and open questions marked?”

Pitch context

You will see “Bid” in operating plans, procurement packs, supplier reviews and supply-chain reports when the discussion reaches rfi, rfp, rfq & tender documents.

Why it matters: In rfi, rfp, rfq & tender documents, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Connected terms

  • TenderThe search label “Bid” can route to both entries.
Sources & evidence · 3

Direct term-level sources and supporting source families.