tenders
n. plural-only C1 Advanced US //ˈtɛndɝz// UK //tˈɛndəz// ten·ders
n. formal offers to do a job or provide a service for a specific price. Companies or governments use them to choose the best person for a project.
n. formal written offers to supply goods or services at a fixed price. Often used in the context of competitive bidding for government or corporate contracts.
The city council is now inviting tenders for the new bridge.
Three different construction firms submitted tenders for the renovation of the historic library downtown.
The procurement department rejected several tenders because they failed to meet the strict environmental criteria outlined in the initial request for proposal.
Usage
Often appears in the phrase 'to invite tenders' or 'to submit a tender'.