Updated: Aug 20, 2021

A bid to undertake a project. The bid will consist of information on the company or individual placing the tender, an outline of how the project will be approached, and a price for completing the project. See also competitive tendering.

Reference: Oxford Press Dictonary of Economics, 5th edt.

Sources & references
Risk disclaimer
James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.