Business Pitch Dictionary by pitch.dog
Procurement evaluation & award · Core

Open tender

Also called: open competition

ELI5

A process open to any supplier meeting stated participation requirements.

Used in conversation

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

Pitch context

You will see “Open 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.