tendering Definition
- 1the act of offering something, especially money, in exchange for goods or services
- 2the process of inviting bids from suppliers to provide goods or services
Using tendering: Examples
Take a moment to familiarize yourself with how "tendering" can be used in various situations through the following examples!
Example
The tendering process for the construction project will begin next week.
Example
The company is tendering for a new supplier of raw materials.
Example
The government is tendering for a new IT system for the healthcare sector.
tendering Synonyms and Antonyms
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Summary: tendering in Brief
The term 'tendering' [ˈtɛndərɪŋ] refers to the act of offering something, usually money, in exchange for goods or services. It can also refer to the process of inviting bids from suppliers to provide goods or services. Examples of tendering include the tendering process for construction projects and companies tendering for new suppliers of raw materials.