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Call for bids

Index Call for bids

A call for bids, call for tenders, or invitation to tender (ITT, often called tender for short) is a special procedure for generating competing offers from different bidders looking to obtain an award of business activity in works, supply, or service contracts. [1]

20 relations: Construction bidding, E-procurement, ERFx, False etymology, Government procurement, Government procurement in the European Union, Performance bond, Presales, Private electronic market, Procurement, Proposal (business), Request for proposal, Request for quotation, Request for tender, Reverse auction, Ship's tender, Short list, Statement of work, Strategic sourcing, Surety.

Construction bidding

Construction bidding is the process of submitting a proposal (tender) to undertake, or manage the undertaking of a construction project.

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E-procurement (electronic procurement, sometimes also known as supplier exchange) is the business-to-business or business-to-consumer or business-to-government purchase and sale of supplies, work, and services through the Internet as well as other information and networking systems, such as electronic data interchange and enterprise resource planning.

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In procurement technology, ERFx (or eRFx) is an acronym for Electronic Request For, where x can be Proposal (RFP), Quotation (RFQ), Information (RFI) or Tender (RFT).

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False etymology

A false etymology (popular etymology, etymythology, pseudo-etymology, or par(a)etymology), sometimes called folk etymology – although the last term is also a technical term in linguistics - is a popularly held but false belief about the origin or derivation of a specific word.

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Government procurement

Government procurement or public procurement is the procurement of goods, services or constructions on behalf of a public authority, such as a government agency.

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Government procurement in the European Union

Government procurement or public procurement is undertaken by the public authorities of the European Union (EU) and its member states in order to award contracts for public works and for the purchase of goods and services in accordance with the principles underlying the Treaties of the European Union.

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Performance bond

A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor.

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Presales is a process or a set of activities/sales normally carried out before a customer is acquired, though sometimes presales also extends into the period the product or service is delivered to the customer.

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Private electronic market

A private electronic market (PEM) uses the Internet to connect a limited number or pre-qualified buyers or sellers in one market.

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Procurement is the process of finding, agreeing terms and acquiring goods, services or works from an external source, often via a tendering or competitive bidding process.

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Proposal (business)

A business proposal is a written offer from a seller to a prospective buyer.

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Request for proposal

A request for proposal (RFP) is a document that solicits proposal, often made through a bidding process, by an agency or company interested in procurement of a commodity, service, or valuable asset, to potential suppliers to submit business proposals.

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Request for quotation

A request for quotation (RfQ) is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products or services.

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Request for tender

A request for tenders (RFT) is a formal, structured invitation to suppliers to submit a bid to supply products or services.

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Reverse auction

A reverse auction is a type of auction in which the roles of buyer and seller are reversed.

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Ship's tender

A ship's tender, usually referred to as a tender, is a boat, or a larger ship used to service or support other boats or ships, generally by transporting people and/or supplies to and from shore or another ship.

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Short list

A short list or shortlist is a list of candidates for a job, prize, award, political position, etc., that has been reduced from a longer list of candidates (sometimes via intermediate lists known as "long lists").

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Statement of work

A statement of work (SoW) is a document routinely employed in the field of project management.

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Strategic sourcing

Strategic sourcing is an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company.

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In finance, a surety, surety bond or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults.

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Call for tenders, Call to tender, Calls to tender, Expression of Interest, Expression of interest, Invitation to Tender, Invitation to tender, Open public tender, Open tender, Public business activities.


[1] https://en.wikipedia.org/wiki/Call_for_bids

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