Definition of A Tender | Purpose of Government Tenders | What is a Tender | Quick Lesson Video

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A tender is an invitation to bid for a project or accept a formal offer such as a takeover bid.

Tendering usually refers to the process whereby governments and financial institutions invite bids for large projects that must be submitted within a finite deadline.

The term also refers to the process whereby shareholders submit their shares or securities in response to a takeover offer.

To learn more, check out our full video by clicking on this link:    • Government Tenders - 10 Mistakes To A...  

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This publication and the information included in it are not intended to serve as a substitute for consultation with a professional. Specific issues, concerns and conditions always require the advice of an appropriate professional advisor. The use of the contained information is at the user's own discretion.