tenderer

tenderer
tender ten‧der 1 [ˈtendə ǁ -ər] noun [countable]
1. COMMERCE an offer to do a job or provide goods or services for a particular price, usually as part of a competition between several companies for the same work:

• Their bid was £150,000 more than the lowest tender.

• Councillors agreed that the contract to build the homes should be put out to (= offered for ) tender.

— tenderer noun [countable] :

• It is preferable for tenders to be opened publicly with the tenderers present.

ˌsealed ˈbid ˌtender COMMERCE
a system in which several companies make tenders for a job without anyone knowing what the other tenders are. The offers are then all opened at the same time and the work given to the company who makes the best offer
2. FINANCE an offer to buy shares, which will be sold to the investor who offers the highest amount:

• Some tender offers stipulate a minimum price for offers.

3. LAW an offer of the exact amount of money in cash (= coins and notes) needed to pay for something — see also legal tender

Financial and business terms. 2012.

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Look at other dictionaries:

  • tenderer — offeror, Also known as a bidder. Any company or individual who makes an offer or is considering making an offer to which the City Code on Takeovers and Mergers (the Code) applies. Paragraph 3 of the Introduction to the Code sets out the rules as… …   Law dictionary

  • tenderer — Ⅰ. tender [1] ► ADJECTIVE (tenderer, tenderest) 1) gentle and sympathetic. 2) (of food) easy to cut or chew. 3) (of a part of the body) sensitive. 4) young and vulnerable. 5) requi …   English terms dictionary

  • Tenderer — Tender Ten der, a. [Compar. {Tenderer}; superl. {Tenderest}.] [F. tendre, L. tener; probably akin to tenuis thin. See {Thin}.] 1. Easily impressed, broken, bruised, or injured; not firm or hard; delicate; as, tender plants; tender flesh; tender… …   The Collaborative International Dictionary of English

  • tenderer — dalyvis statusas Aprobuotas sritis viešasis pirkimas apibrėžtis Tiekėjas, pateikęs pasiūlymą ribotam konkursui, deryboms arba konkurenciniam dialogui. atitikmenys: angl. tenderer rus. участник šaltinis Lietuvos Respublikos viešųjų pirkimų,… …   Lithuanian dictionary (lietuvių žodynas)

  • tenderer — / tendərə/ noun a person or company that tenders for work ● The company was the successful tenderer for the project …   Marketing dictionary in english

  • tenderer — / tendərə/ noun a person or company that tenders for work ● The company was the successful tenderer for the project …   Dictionary of banking and finance

  • tenderer — See tender2. * * * …   Universalium

  • tenderer — noun One who tenders (a bid, a contract, etc.) …   Wiktionary

  • tenderer — n. profferer, proposer ten·der || tendÉ™(r) n. bid, offer; overseer, supervisor; car attached to a locomotive for carrying fuel and water v. offer formally, suggest, make a suggestion adj. gentle, soft, delicate …   English contemporary dictionary

  • tenderer — ten·der·er …   English syllables

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