Homonym: Tenders (Soft)
A tender is a formal invitation to suppliers or contractors to submit bids for a project or service. This process is commonly used in public and private sectors to ensure transparency and competition. Tenders can cover various areas, including construction, goods, and services, and are often published in official documents or online platforms.
The tendering process typically involves several steps, including the preparation of tender documents, submission of bids, and evaluation of proposals. Organizations like government agencies and private companies use tenders to obtain the best value for their projects while adhering to legal and regulatory requirements.