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i am in a small business which is going up for tender soon what does that entail

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11y ago
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Mim Sabbir

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Q: What does it mean to submit a tender for a business contract?
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Related questions

What do you mean by tender notice?

To Tender Notice means in basic to GIVE NOTICE of an event. In employment terms tender notice would mean to resign or have a notice of termination of employment given to you. Business terms it can mean to give forwarning of ceasation of a contract, partnership etc


What does TENDER a contract mean?

To tender a contract means to offer a bid or proposal to carry out a job or service at a specific price. It involves submitting a formal document outlining the terms, conditions, and details of the work to be done.


What does it mean to non tender someone?

to not offer them a contract


What does the word contract means?

Contract can mean to shrink, or it can be a business deal.


What does capacity of person signing mean?

The capacity of a person signing refers to their legal authority or ability to sign a document on behalf of themselves or someone else. It ensures that the signature is valid and that the signatory has the authority to act on behalf of the entity they are representing.


What does the term tender in business mean?

When a person or business wants something done by another business, then the normal way of doing this is to make a number of businesses compete for the work. This is done by going out to tender. The work to be done is specified in a document (a tender) and bidders are given a fixed time to reply to the tender specifying how they are going to do the work and how much they will charge. The bids are all opened on the same day and a contractor chosen and engaged for the work. This is the normal tender process (very much simplified)


What is tender spirit mean?

tender-spirited


What does it mean for someone to be a subcontractor to someone else?

A subcontractor is an individual or a business that signs a contract to perform part or all of the obligation of another's contract. A subcontract is hired by a general contractor.


Does tender mean hurt?

no tender means sensitive to touch but in som cases it does.


What does grossly tender mean?

Grossly tender means it obviously hurts when touched.


What does achingly tender mean?

nothing


Why sign a contract in New York State?

new york is a well populated state, and could mean good business with anything associated with it.