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What Is an Expression of Interest (Interessenbekundung, Germany)?
This is a German procurement term. A company's non-binding statement that it is interested in a contract.
What is an Interessenbekundung?
A non-binding statement that a company is interested in a planned contract, submitted in response to a buyer's market exploration.
Does it commit the company?
No. It is not a bid and creates no obligation. But it signals interest and may lead to an invitation when the procedure starts.
How does it differ from a request to participate?
A request to participate is a formal application in a two-stage procedure with evidence of suitability. An expression of interest is informal and precedes the procedure.
