Procurement evaluation & award · Core

Competitive tender

Also called: competitive bidding

ELI5

A procurement in which multiple suppliers are invited or permitted to compete.

Used in conversation

“Procurement needs the basis for competitive tender before suppliers price the work.”

Pitch context

You will see “Competitive tender” in operating plans, procurement packs, supplier reviews and supply-chain reports when the discussion reaches procurement evaluation & award.

Why it matters: In procurement evaluation & award, 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.

Sources & evidence · 3

Direct term-level sources and supporting source families.