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

Tender

Also called: bid

ELI5

A formal offer submitted in response to a procurement invitation.

Used in conversation

“Which version of tender should the board treat as current?”

Pitch context

You will see “Tender” 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

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

Direct term-level sources and supporting source families.