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A bid is usually restricted to making a financial offer eg: at an auction you might make a bid of a certain price for a painting. A tender means that you will offer a service/item at a certain price. So it's a lot more complex than just dealing with a price.

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Q: What is the difference between a tender and bid?
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Related questions

What is the difference between bid and tender?

A bid is making a financial offer for something or the amount of money that you will pay for something. A tender is offering a service at a specific price.


What is the difference between a tender and auction?

what is the difference between an auction and a tender


What is the difference between an open and closed tender?

The difference between an open and closed tender is located on the range of the bidders. Open tenders allow any supplier to bid for your business and also can be useful in establishing the average cost of systems and standard inclusions/ exclusions which closed tender invites select suppliers who have been identified meet or close to your requirements.


What is difference between bid security and Bid Bond?

There is no difference. Bid securities can come in different types. A bid bond is just one type of bid security.


What is the difference between tender document and tender notice?

A tender notice is a public announcement inviting bids from potential suppliers, while a tender document contains detailed information about the project, requirements, terms, and conditions for the bidding process. The tender notice alerts potential bidders to the opportunity, while the tender document provides the specific guidelines for submitting a bid.


What is the difference between tender and bid documents?

they all mean the same thing.they are documents indicating specification of a customer.even in the English language we have two or more words implying the same thing.


What is the difference between a quotation and a tender?

tender is a own organisation format but quotation is a organisation format.


What term is there for a difference between Bid and Ask pricing measured in pips?

The term for the difference between Bid and Ask pricing measured in pips is called the "spread." It represents the transaction cost for trading a financial instrument.


Explain the difference between bid and q12h?

hi there its the same, i.e. bid=q12h tid=q8h qid=q6h


Synonym for bid?

Charge, offer, tender, proffer, proposal and require


Difference between the bid price and offer price?

The ''bid price'' is the price at which an investor can sell the securities he/she holds. The ''offer price is the price at which an investor can buy securities.


What is the difference between bid size and ask size in the stock market?

The bid size is how many shares a buyer wants to buy. The ask size is how many shares a seller wants to sell.