tender contract definition
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tender Definition of tender. 1  1 : an unconditional offer of money or service in satisfaction of a debt or obligation made to save a penalty or forfeiture for nonpayment or nonperformance. 2  2 : an offer or proposal made for acceptance: such asa : an offer of a bid for a contractb : tender offer.
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- How Much is John Cusack Worth? John Cusack is an Actor, Producer, Screenwriter. According to Forbes, John Cusack Net Worth in May 2017 reached $40 Million.
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tender conditions tender conditions. General and tender-specific rules that govern content of a tender, its submission, and evaluation and contract award process. You Also Might Like... When there is a general decline in the level of economic activity, business enterprises can take one of two approaches.
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What Steps Must I Take To Create a Winning Tender? Simply put, a tender is an offer to do a particular job or supply particular goods at a particular price. Also referred to as a bid, it is a process whereby businesses have the opportunity to put forward their goods or services at their price to the organisation that has put out the tender.
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Tender offer The tender offer is a public, open offer or invitation (usually announced in a newspaper advertisement) by a prospective acquirer to all stockholders of a publicly traded corporation (the target corporation) to tender their stock for sale at a specified price during a specified time, subject to the tendering of a minimum and maximum number of shares ...
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What Steps Must I Take To Create a Winning Tender? Because government is spending public money on contracts, and is committed to transparency in how this is carried out, it adopts a tender process as a way of limiting the chances that contracts are awarded on the basis of favouritism, racism, nepotism or any other unfair process.
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tender Tender. An offer of money; the act by which one individual offers someone who is holding a claim or demand against him or her the amount of money that the offeror regards and admits is due, in order to satisfy the claim or demand, in the absence of any contingency or stipulation attached to the offer.
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What is the biggest and smallest breed of dog? They can weigh anywhere from 110 pounds to the 343 pounds of Zorba, the world's largest dog, although most Mastiff males weigh around 160-230 pounds and females around 120-170 pounds.
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- In a tender offer, shareholders of the target company are encouraged to tender their shares to the acquiring company for a specified price during a limited period. Upon confirmation that a minimum number of shares will be tendered in by shareholders, the tender offer is executed and the takeover deal proceeds.
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Request for tender In the public sector an official fee is needed to fortify and secure the tender bid engagement/win documents, such a process may be required and determined in detail by law to ensure that such competition for the use of public fund is open, fair and free from bribery and nepotism.
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contract 2 v, [kəntrakt′] , to make such an agreement or promise. contractual, adj. A written, dated and signed agreement between two or more parties, which sets out any arrangements on delegation and distribution of tasks and obligations, and, if appropriate, on financial matters. A clinical trial protocol may serve as the basis for a contract. contract.
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contract of sale contract of sale. Formal contract by which a seller agrees to sell and a buyer agrees to buy, under certain terms and conditions spelled out in writing in the document signed by both parties. An invoice, for example, is a contract of sale. Also called agreement of sale, contract for sale, sale agreement, or sale contract.
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Tender documentation for construction projects Tender documentation for construction projects. A tender is a submission made by a prospective supplier in response to an invitation to tender. It makes an offer for the supply of goods or services. Tender documents are prepared to seek tenders (offers). Generally, tendering refers to the suppliers required to complete construction works, rather than the process of selecting consultancy services which is commonly referred to as appointment.
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What is a Procurement Contract? A procurement contract is an agreement in which a buyer agrees to acquire goods or services from a seller in exchange for consideration.Most of these contracts are written agreements that specify each party’s obligations in relation to the transaction. procurement contract may be established when goods and services are being acquired from vendors. Construction procurement contracts are common. Government agencies typically require procurement contracts. A procurement specialist working with a colleague.
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- Debt Tender Offer. A debt tender offer is when a firm retires all or a portion of its debt securities by making an offer to its debtholders to repurchase a predetermined number of bonds at a specified price and during a set period of time.
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Search Legal Terms and Definitions tender. 1) v. to present to another person an unconditional offer to enter into a contract. 2) v. to present payment to another. 3) n. delivery, except that the recipient has the choice not to accept the tender. However, the act of tender completes the responsibility of the person making the tender. See also: delivery offer The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications
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What is Tender Management? The Art of Tender Management. As a company is competing against many other companies that may have the same or better qualities and lower prices, the art of tender management or writing a winning tender is highly skilled.
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- Related Legal Terms. TENDER OF AMENDS, SPECIFIC PERFORMANCE, SHORT TENDER, SUBSTANTIAL PERFORMANCE DOCTRINE, TENDER OFFER, TENDER, PERFORMANCE OF CONTRACT, TENDER OF PAYMENT, TENDER CONDITIONS, CREEPING TENDER.
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What is a 'Debt Tender Offer' Debt Tender Offer. What is a 'Debt Tender Offer'. A debt tender offer is when a firm retires all or a portion of its debt securities by making an offer to its debtholders to repurchase a predetermined number of bonds at a specified price and during a set period of time. Firms may use a debt tender offer as a mechanism for capital restructuring or refinancing.
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tender Definitions (4). 1. Article or token (such as coins or banknotes) that serve as means of payment or settling a debt. See also legal tender. 2.Unconditional offer of money (to satisfy a debt) or performance (to satisfy an obligation).A tender may save the tendering party from penalty for nonpayment or nonperformance, and may not be refused without just cause by the party to whom it is made. See also tender of payment.efinitions (4). 1. Article or token (such as coins or banknotes) that serve as means of payment or settling a debt. See also legal tender. 2.Unconditional offer of money (to satisfy a debt) or performance (to satisfy an obligation).
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contract Related to contract: contract law, employment contract, breach of contract, Elements of a Contract. 1) n. an agreement with specific terms between two or more persons or entities in which there is a promise to do something in return for a valuable benefit known as consideration.
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- Definition. An agreement creating obligations enforceable by law. The basic elements of a contract are mutual assent, consideration, capacity, and legality. In some states, the element of consideration can be satisfied by a valid substitute.efinition. An agreement creating obligations enforceable by law. The basic elements of a contract are mutual assent, consideration, capacity, and legality. In some states, the element of consideration can be satisfied by a valid substitute.
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How Does a Forward Contract for Commodities Work? Hemera Technologies/Photos.com/Getty Images. A forward contract is an agreement between two parties --- the seller and the buyer --- for the delivery of a certain quality and quantity of a commodity at specified time and for a specified price.Farmers often use forward contracts as hedges against falling prices.f the average price of the commodity has fallen, the contract helps the seller. In forward contracts, whenever the price of the contracted commodity changes, one of the parties to the contract gains while the other loses. Appreciation benefits the buyer while depreciation benefits the seller.
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contract Definition of contract. 1  1a : a binding agreement between two or more persons or parties; especially : one legally enforceable If he breaks the contract, he'll be sued.b : a business arrangement for the supply of goods or services at a fixed price make parts on contractc : the act of marriage or an agreement to marry.
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- contract. 1) n. an agreement with specific terms between two or more persons or entities in which there is a promise to do something in return for a valuable benefit known as consideration.
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- Also called a contract or a union contract, a collective bargaining agreement (CBA) is an legally binding contract between the employees (union) and the employer, arrived at through negotiations between the parties, which lays out the rights and duties of each party.