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What Is a Tender?
Formally, a tender is a supplier's bid — a complete, formal offer to deliver the contract on the stated terms.
What makes a tender compliant?
It answers every requirement in the tender documents, in the format requested, and arrives before the deadline with all mandatory documents attached.
Is "tender" used in other ways?
Yes. In everyday use it also refers to the whole competition, as in "putting a contract out to tender".
What happens to a late tender?
It is normally rejected, regardless of the reason, so plan to submit well before the deadline.
