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What are tenders in contract law?

Answer:
A Tender is an open offer "to Make an offer".

Ex:

A Company wants to buy 1000 computers.

It will give a tender notice in News papers with all the specifications it wants, for manufacturers to respond to it.

Many manufacturers respond bidding their price for the 1000 computers.

The most competitive bid wins the tender (deal/contract).
Contributor: Kaamil
First answer by ID2212745336. Last edit by Kaamil R Muhammed. Contributor trust: 0 [recommend contributor recommended]. Question popularity: 2 [recommend question].

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