← Logistics Dictionary


What is a Tender?

A tender is a formal proposal or request issued by a company, and sometimes government, to suppliers. Generally, the issuance of tender is a call for the suppliers to bid for the supply of a specific project, product or service.

The tender is mostly issued to get a project done at a reasonable cost and time frame possible. To ensure a smooth and fair competition among the bidders, the process of bidding is guided by law.

You may also be interested in these articles


DHL Road Freight Market News – Q2 2024

In the second quarter of 2024, the outlook for economic development remains restrained, although there are some indications of growth. ...

8. July 2024 / Reading time: ~ 4 Min.