Tender documents
A formal offer of price and terms to supply goods, services, or complete work
Bid
A company that participates in a tender to perform the job or supply goods
Bidder
Equity units representing ownership interest in a company
Stocks and shares
A person or entity that takes funds or assets on loan and must repay under agreed terms
Borrower
The ease and speed with which an asset can be converted to cash
Liquidity
An official request asking suppliers to send in their bids
Invitation to tender
A participant who behaves dishonestly or does not follow the rules
Bad-faith supplier
A debt security where an issuer borrows funds and promises periodic interest
Bond
A regulated marketplace where securities are bought and sold
Stock exchange
A portion of a company’s profits distributed to shareholders
Dividend
A statement of price and terms for specific goods or services
Quotation
A roster of trusted suppliers who are allowed to work with the buyer again
Preferred supplier list
A collection of financial assets held by an investor
Portfolio
An individual or entity that legally owns one or more shares of a company
Stockholder
The process by which government bodies acquire goods, services, or works from the private sector
Public procurement
A guarantee that the contractor will complete the contract
Performance bond
The participant who wins the tender and gets the contract
Successful bidder
A bank deposit that earns interest and must stay in the bank for a set time
Certificate of deposit
An entity that creates and offers securities for sale to raise capital
Issuer
A procurement method where sellers compete by lowering prices in response to a buyer’s requirements
Reverse tender
A detailed description of the requirements and performance criteria for goods or services
Technical specification
A group of the best candidates chosen for the final round after prequalification
Short list
A pool of money from many people used to buy different investments
Mutual fund
A fund that holds a basket of assets and trades like a stock on an exchange
Exchange-traded fund
A procurement procedure limited to invited or pre-qualified suppliers
Restricted tender