The term ‘tender’ refers to a formal invitation to trade under the terms of offer.
An Invitation to Tender (ITT) is the documentation issued by the purchaser, typically including background information, terms and conditions and the contract specification.
The word tender can also be used to refer to the competitive bid submitted by a supplier in response to an Invitation to Tender, setting out how and at what cost they can fulfil the requirement.
We also commonly use the term tender to describe a notice published to advertise a purchaser’s intent to invite suppliers to tender. A ‘Tender Notice’ calls on interested suppliers to respond or ‘express interest’ within a given time period.
How does SMECluster help?
SMECluster helps you identify new opportunities and win business with the peace of mind that you will always be advised of a tender opportunity.
You will see from the level of detail we go to in our Category System that your profile can be as broad or refined as you want. And it’s flexible - if you want to get tenders from a new sector or simply just tweak your profile, its as quick and simple as ABC.
At this point, you can also choose whether or not to include ‘Contract Award Notices’ - these tell you who won the contract and its value.
SMECluster offers consultancy services and technical support for PQQ and Tender writing for the successful submission of bids. With Bid Mangement, e Procurement and Profile Matching tools to save search time and the provision of a "Step by Step" guide to completing paperwork you can be confident in your bid submission.