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A tender announcement from the Indonesian Ministry of Finance. An invitation to tender (ITT, also known as a call for bids [1] or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been ...
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment in court for any monetary debt. [1]
The Tender Board of the Kingdom of Bahrain, based in Manama, regulates procurement and undertakes procurement activity for the kingdom's public bodies. [61] The Board was established in 2003 under the directives of His Majesty King Hamad bin Isa Al Khalifa .
A tender notification is the publication and circulation of procurement opportunities by the procuring entity in various media like: Newspapers, purchasers's own website and government tender bulletin etc. The main objective of wider publicity is to make these opportunities available to a wider supplier community, increase the competition and ...
Each player that signs a tender receives a non-guaranteed one-year salary that corresponds to the tender level. Teams which choose not to match an offer on a player with a low tender receive a draft pick corresponding to the round in which the player was originally drafted (except that the highest pick that can be surrendered for such a tender is a second-round pick).
Token money is similar to fiat money which also has little intrinsic value, however they differ in that token money is a limited legal tender. [5] The adoption of token money has improved transaction efficiency, as the practicalty of transacting with sums of gold poses a larger security risk.
The tender process is a debated issue. In the case of Spencer v Harding , [ 4 ] the defendants offered to sell stock by tender, but the court held that there was no promise to sell to the highest bidder, merely an invitation for offers which they could then accept or reject at will.
In corporate finance, a tender offer is a type of public takeover bid. 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 ...