competitive tender

Frequency: 8.018.0 per million words

a process where multiple companies compete for a contract by submitting tenders

tenderADJECTIVE + tender (noun)

Categories:

competitive

Examples (10)

  • The contract was put out to competitive tender.
  • Many firms are expected to submit a competitive tender for the construction project.
  • The company aims to win the project by presenting the most competitive tender.
  • They encouraged a competitive tender process to ensure the best value for money.
  • A truly competitive tender requires transparency from all bidders.
  • The municipal council decided to invite competitive tenders for the renovation work.
  • Having a competitive tender system helps prevent corruption.
  • We prepared a strong competitive tender, hoping to secure the contract.
  • The government's policy mandates a competitive tender for all major procurements.
  • Despite the high costs, they opted for a competitive tender to find the most efficient solution.