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Tender Documents

oboloo Glossary

Tender Documents

Tender Documents

Tender documents are typically released by a government agency or company in order to invite bids for a project or contract. The document usually contains information on the work to be performed, as well as the essential qualifications required from potential bidders.

The release of tender documents usually signals the start of the bidding process, during which interested parties submit their proposals. The submission of proposals is typically followed by a period of negotiation, during which the government agency or company evaluates the bids and tries to reach an agreement with the bidder that they feel is best suited for the project.

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