Difference Between
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Quotation vs. Tender: Know the Difference

Shumaila Saeed
By Shumaila Saeed || Published on January 18, 2024
Quotation is a statement of price for specific goods or services; Tender is a formal offer to supply goods or services at a stated price.
Quotation vs. Tender

Key Differences

Quotation is typically a document or statement specifying the price at which a vendor agrees to sell goods or services. It is often presented in response to an inquiry from a potential buyer. Tender, on the other hand, is a formal and structured process where suppliers submit bids to supply goods or services, usually in response to a request from an organization or government.
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Shumaila Saeed
Jan 18, 2024
In the case of a Quotation, it is usually less formal and can be solicited or unsolicited, depending on the buyer's needs. It's a straightforward document that lists prices for specific goods or services. A Tender process is more complex, often used for larger contracts, requiring detailed proposals and is usually governed by strict rules and timelines.
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Shumaila Saeed
Jan 18, 2024
Quotations are generally simpler and quicker to prepare and submit. They are often used for smaller purchases or services. In contrast, preparing a Tender involves a significant investment of time and resources, as it must be comprehensive, following specific guidelines and often competing against several other tenders.
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When a business issues a Quotation, it is committing to the price stated for the specified work or products. This can be negotiated or adjusted. However, a Tender represents a formal commitment to the terms and pricing if selected, leaving less room for negotiation post-submission.
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Shumaila Saeed
Jan 18, 2024
Quotations are often used in standard business transactions and are more common in day-to-day business activities. Tenders are typically used for governmental or large corporate procurement processes, where transparency, fairness, and compliance with legal standards are paramount.
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Comparison Chart

Definition

Price statement for specific goods/services
Formal offer for supplying goods/services at a price
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Formality

Less formal, often for smaller transactions
Highly formal, often for larger contracts
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Preparation Complexity

Simple and quick to prepare
Requires detailed, structured proposals
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Negotiability

Price can be negotiated
Price often fixed upon selection
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Typical Usage

Day-to-day business transactions
Large corporate/government procurement processes
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Commitment Level

Flexible, can be adjusted
Strict, little room for change post-submission
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Response to

Customer inquiry or need
Specific request or tender notice
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Governance

Governed by normal business practice
Governed by specific rules and legal requirements
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Volume of Transactions

Common for smaller amounts
Used for high-value contracts
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Nature of Document

Simple price list or statement
Detailed proposal following a specific format
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Quotation and Tender Definitions

Quotation

A citation from a text or speech.
Her essay included a quotation from the novel to support her argument.
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Tender

To offer formally.
The company tendered a bid for the construction project.
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Quotation

Use of a phrase to convey an alternative meaning.
She said with a sense of irony, quoting 'all's well that ends well'.
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Tender

Showing gentleness, kindness, and affection.
Her tender words comforted the child.
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Quotation

A statement of price for specified goods or services.
The contractor provided a quotation for the kitchen renovation.
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Jan 06, 2024

Tender

In law, to offer payment to satisfy a debt or obligation.
She tendered the exact amount for the fine.
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Quotation

A reference to a previous statement, often used in writing.
He began his speech with a quotation from Shakespeare.
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Tender

Easily crushed or bruised; fragile
A tender petal.
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Quotation

The act of quoting.
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Tender

Easily chewed or cut
Tender beef.
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Quotation

A passage quoted.
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Tender

Young and vulnerable
Of tender age.
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Quotation

An explicit reference or allusion in an artistic work to a passage or element from another, usually well-known work
"Direct quotations from other paintings are fairly sparse" (Robert Hughes).
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Tender

Frail; delicate.
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Quotation

The quoting of current prices and bids for securities and goods.
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Tender

Sensitive to frost or severe cold; not hardy
Tender green shoots.
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Quotation

The prices or bids cited.
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Tender

Easily hurt; sensitive
Tender skin.
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Quotation

A fragment of a human expression that is repeated by somebody else, for example from literature or a famous speech.
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Tender

Painful; sore
A tender tooth.
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Quotation

A price that has been quoted for buying or selling.
Let's get a quotation for repairing the roof before we decide whether it's worth doing.
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Tender

Considerate and protective; solicitous
A tender mother.
His tender concern.
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Quotation

The act of setting a price.
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Tender

Characterized by or expressing gentle emotions; loving
A tender glance.
A tender ballad.
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Quotation

(obsolete) A quota, a share.
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Shumaila Saeed
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Tender

Given to sympathy or sentimentality; soft
A tender heart.
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Quotation

The act of quoting or citing.
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Tender

(Nautical) Likely to heel easily under sail; crank.
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Quotation

That which is quoted or cited; a part of a book or writing named, repeated, or adduced as evidence or illustration.
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Tender

To make tender.
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Quotation

The naming or publishing of the current price of stocks, bonds, or any commodity; also, the price named.
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Tender

To offer formally
Tender a letter of resignation.
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Quotation

Quota; share.
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Tender

(Law) To offer (payment or performance) pursuant to an obligation.
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Quotation

A piece of hollow type metal, lower than type, and measuring two or more pica ems in length and breadth, used in the blank spaces at the beginning and end of chapters, etc.
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Tender

A strip of meat, usually chicken, often breaded, deep-fried, and served with a sauce.
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Quotation

A short note recognizing a source of information or of a quoted passage;
The student's essay failed to list several important citations
The acknowledgments are usually printed at the front of a book
The article includes mention of similar clinical cases
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Tender

(Law) An offer to pay the amount due under a debt or obligation.
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Quotation

A passage or expression that is quoted or cited
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Tender

A written offer to contract goods or services at a specified cost or rate; a bid.
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Quotation

A statement of the current market price of a security or commodity
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Tender

Something, especially money, offered in payment.
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Quotation

The practice of quoting from books or plays etc.;
Since he lacks originality he must rely on quotation
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Tender

One who tends something
A lathe tender.
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Quotation

In finance, the listed price of a stock or commodity.
The daily newspaper shows the latest stock quotations.
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Jan 06, 2024

Tender

(Nautical) A vessel attendant on other vessels, especially one that ferries supplies between ship and shore.
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Tender

A railroad car attached to the rear of a locomotive and designed to carry fuel and water.
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Tender

Sensitive or painful to the touch.
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Tender

Easily bruised or injured; not firm or hard; delicate.
Tender plants; tender flesh; tender fruit
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Tender

Physically weak; not able to endure hardship.
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Tender

(of food) Soft and easily chewed.
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Tender

Sensible to impression and pain; easily pained.
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Tender

Fond, loving, gentle, or sweet.
Suzanne was such a tender mother to her children.
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Tender

Young and inexperienced.
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Tender

Adapted to excite feeling or sympathy; expressive of the softer passions; pathetic.
Tender expressions; tender expostulations; a tender strain
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Tender

Apt to give pain; causing grief or pain; delicate.
A tender subject
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Tender

(nautical) Heeling over too easily when under sail; said of a vessel.
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Tender

(obsolete) Exciting kind concern; dear; precious.
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Tender

(obsolete) Careful to keep inviolate, or not to injure; used with of.
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Tender

(obsolete) Care, kind concern, regard.
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Tender

The inner flight muscle (pectoralis minor) of poultry.
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Tender

(obsolete) Someone who tends or waits on someone.
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Tender

(rail transport) A railroad car towed behind a steam engine to carry fuel and water.
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Tender

(nautical) A naval ship that functions as a mobile base for other ships.
Submarine tender
Destroyer tender
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Tender

(nautical) A smaller boat used for transportation between a large ship and the shore.
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Tender

Anything which is offered, proffered, put forth or bid with the expectation of a response, answer, or reply.
You offer me the sword of my father, the very man whose bones, because of your perfidy, lie under the sod of Crecy. Aye, I'll surely take it, and just as surely you shall die with your tender through your heart!
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Tender

A means of payment such as a check or cheque, cash or credit card.
Your credit card has been declined so you need to provide some other tender such as cash.
Legal tender
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Jan 05, 2024

Tender

(legal) A formal offer to buy or sell something.
We will submit our tender to you within the week.
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Tender

Any offer or proposal made for acceptance.
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Tender

Tenderly
Love me tender, love me sweet
Never let me go
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Tender

To make tender or delicate; to weaken.
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Tender

(archaic) To feel tenderly towards; to regard fondly or with consideration.
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Tender

To work on a tender.
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Tender

(formal) To offer, to give.
To tender one’s resignation
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Tender

To offer a payment, as at sales or auctions.
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Tender

One who tends; one who takes care of any person or thing; a nurse.
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Tender

A vessel employed to attend other vessels, to supply them with provisions and other stores, to convey intelligence, or the like.
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Tender

A car attached to a locomotive, for carrying a supply of fuel and water.
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Tender

An offer, either of money to pay a debt, or of service to be performed, in order to save a penalty or forfeiture, which would be incurred by nonpayment or nonperformance; as, the tender of rent due, or of the amount of a note, with interest.
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Tender

Any offer or proposal made for acceptance; as, a tender of a loan, of service, or of friendship; a tender of a bid for a contract.
A free, unlimited tender of the gospel.
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Tender

The thing offered; especially, money offered in payment of an obligation.
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Tender

Regard; care; kind concern.
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Tender

To offer in payment or satisfaction of a demand, in order to save a penalty or forfeiture; as, to tender the amount of rent or debt.
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Tender

To offer in words; to present for acceptance.
You see how all conditions, how all minds, . . . tender downTheir services to Lord Timon.
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Tender

To have a care of; to be tender toward; hence, to regard; to esteem; to value.
For first, next after life, he tendered her good.
Tender yourself more dearly.
To see a prince in want would move a miser's charity. Our western princes tendered his case, which they counted might be their own.
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Tender

Easily impressed, broken, bruised, or injured; not firm or hard; delicate; as, tender plants; tender flesh; tender fruit.
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Tender

Sensible to impression and pain; easily pained.
Our bodies are not naturally more tender than our faces.
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Tender

Physically weak; not hardly or able to endure hardship; immature; effeminate.
The tender and delicate woman among you.
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Jan 05, 2024

Tender

Susceptible of the softer passions, as love, compassion, kindness; compassionate; pitiful; anxious for another's good; easily excited to pity, forgiveness, or favor; sympathetic.
The Lord is very pitiful, and of tender mercy.
I am choleric by my nature, and tender by my temper.
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Tender

Exciting kind concern; dear; precious.
I love Valentine,Whose life's as tender to me as my soul!
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Tender

Careful to save inviolate, or not to injure; - with of.
The civil authority should be tender of the honor of God and religion.
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Tender

Unwilling to cause pain; gentle; mild.
You, that are thus so tender o'er his follies,Will never do him good.
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Tender

Adapted to excite feeling or sympathy; expressive of the softer passions; pathetic; as, tender expressions; tender expostulations; a tender strain.
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Jan 05, 2024

Tender

Apt to give pain; causing grief or pain; delicate; as, a tender subject.
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Tender

Heeling over too easily when under sail; - said of a vessel.
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Tender

Something used as an official medium of payment
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Tender

Someone who waits on or tends to or attends to the needs of another
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Tender

A formal proposal to buy at a specified price
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Tender

Car attached to a locomotive to carry fuel and water
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Tender

A boat for communication between ship and shore
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Tender

Ship that usually provides supplies to other ships
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Tender

Offer or present for acceptance
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Tender

Propose a payment;
The Swiss dealer offered $2 million for the painting
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Tender

Make a tender of; in legal settlements
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Tender

Make tender or more tender as by marinating, pounding, or applying a tenderizer;
Tenderize meat
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Tender

Given to sympathy or gentleness or sentimentality;
A tender heart
A tender smile
Tender loving care
Tender memories
A tender mother
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Tender

Hurting;
The tender spot on his jaw
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Tender

Susceptible to physical or emotional injury;
At a tender age
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Tender

Having or displaying warmth or affection;
Affectionate children
Caring parents
A fond embrace
Fond of his nephew
A tender glance
A warm embrace
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Tender

Easy to cut or chew;
Tender beef
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Tender

Physically untoughened;
Tender feet
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Tender

(used of boats) inclined to heel over easily under sail
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Tender

(of plants) not hardy; easily killed by adverse growing condition;
Tender green shoots
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Tender

To present for acceptance; offer.
He tendered his resignation to the board.
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Jan 06, 2024

Tender

Sensitivity to pain or touch.
The bruise was tender to the touch.
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Jan 06, 2024

Repeatedly Asked Queries

How does a tender differ from a quotation?

A tender is a formal offer to supply goods or services at a stated price, usually in a competitive bidding process.
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Jan 18, 2024

Is a tender legally binding?

Yes, once accepted, a tender is legally binding.
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Jan 18, 2024

What is a quotation?

A statement of price for specific goods or services.
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Jan 18, 2024

How are quotations typically used?

For providing price details in response to a customer inquiry.
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Jan 18, 2024

What is the purpose of a tender?

To solicit bids for large projects in a fair and transparent manner.
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Jan 18, 2024

What is the typical response time for a tender?

Response times vary but are usually specified in the tender documents.
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Jan 18, 2024

Can a quotation lead to a contract?

Yes, a quotation can lead to a contract if accepted by the buyer.
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Jan 18, 2024

Can a quotation be negotiated?

Yes, quotations can often be negotiated.
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Jan 18, 2024

What factors affect a quotation?

Cost of materials, labor, and market conditions.
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Who can request a quotation?

Any potential buyer or customer.
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Jan 18, 2024

Is a quotation formal or informal?

It can be both but is generally less formal than a tender.
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Jan 18, 2024

What documents are required for a tender?

This varies but usually includes a detailed proposal and bid.
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Jan 18, 2024

How specific should a quotation be?

Very specific, detailing goods, services, and prices.
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Jan 18, 2024

Can a tender be withdrawn?

This depends on the specific tender rules.
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Jan 18, 2024

Does a tender guarantee work?

No, it's a bid, not a guarantee of work.
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Jan 18, 2024

How is a tender evaluated?

Based on criteria like price, capability, and compliance with the tender requirements.
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Jan 18, 2024

Can anyone see a submitted tender?

It depends on the rules governing the tender process.
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Jan 18, 2024

Are tenders used internationally?

Yes, especially for government and large corporate contracts.
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Jan 18, 2024

Who can submit a tender?

Any qualified supplier or contractor.
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Jan 18, 2024

What is the validity period of a quotation?

This varies and should be specified in the quotation.
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Jan 18, 2024

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Shumaila Saeed
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Shumaila Saeed
Shumaila Saeed, an expert content creator with 6 years of experience, specializes in distilling complex topics into easily digestible comparisons, shining a light on the nuances that both inform and educate readers with clarity and accuracy.

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Login vs. LogonLogin vs. Logon
Shumaila SaeedShumaila Saeed
December 25, 2023
"Login" and "Logon" are often used interchangeably to describe the process of gaining access to a computer system, but "login" can also refer to the credentials used for access.
2 Pole Motors vs. 4 Pole Motors2 Pole Motors vs. 4 Pole Motors
Shumaila SaeedShumaila Saeed
December 25, 2023
2 Pole Motors have one pair of magnetic poles and run at higher speeds, while 4 Pole Motors have two pairs of poles and operate at lower speeds, offering higher torque.
Pulley vs. SheavePulley vs. Sheave
Hifza NasirHifza Nasir
April 4, 2024
A pulley is a wheel on an axle designed to support movement and change of direction of a taut cable, while a sheave is the wheel part of a pulley system that specifically interacts with the cable.
Poem vs. PoetryPoem vs. Poetry
Shumaila SaeedShumaila Saeed
December 25, 2023
A poem is a piece of writing that expresses ideas and emotions with a distinctive style and rhythm; poetry is the art form of writing such pieces.
Nuclear Family vs. Joint FamilyNuclear Family vs. Joint Family
Shumaila SaeedShumaila Saeed
January 9, 2024
Nuclear Family is a family unit consisting of parents and their children. Joint Family is a larger family structure comprising parents, children, and other relatives living together.
NM3 vs. M3NM3 vs. M3
Hifza NasirHifza Nasir
April 19, 2024
NM3 measures gas volume under Normal conditions (0°C and 1.01325 bar), while M3 measures volume under the conditions at which it is measured, without standard adjustment.
Vital Proteins Collagen vs. OrganikaVital Proteins Collagen vs. Organika
Shumaila SaeedShumaila Saeed
February 9, 2024
Vital Proteins Collagen is a brand offering collagen supplements for health and beauty, while Organika is a broader health and wellness brand with diverse products including collagen.
Pycharm Community vs. Pycharm ProPycharm Community vs. Pycharm Pro
Shumaila SaeedShumaila Saeed
February 4, 2024
PyCharm Community is a free, open-source IDE for Python development, while PyCharm Pro is a paid version with additional advanced features like web development support and database tools.
Slazenger Logo vs. Puma LogoSlazenger Logo vs. Puma Logo
Shumaila SaeedShumaila Saeed
February 15, 2024
The Slazenger logo features a panther, symbolizing agility and tradition, while the Puma logo depicts a leaping puma, representing speed and strength.
Gorilla Glass 3 vs. Gorilla Glass 5Gorilla Glass 3 vs. Gorilla Glass 5
Shumaila SaeedShumaila Saeed
January 1, 2024
Gorilla Glass 3 offers improved scratch resistance and durability compared to its predecessors, while Gorilla Glass 5 focuses on enhanced drop protection and toughness.
Catapult vs. TrebuchetCatapult vs. Trebuchet
Shumaila SaeedShumaila Saeed
January 4, 2024
A catapult is a ballistic device using tension or torsion to launch projectiles, while a trebuchet is a type of catapult using a counterweight for greater force and distance.
Data Roaming vs. Cellular DataData Roaming vs. Cellular Data
Shumaila SaeedShumaila Saeed
December 25, 2023
Data Roaming allows usage of mobile network services outside of the home network area, while Cellular Data is using mobile services within the home network.
Fluid vs. LiquidFluid vs. Liquid
Shumaila SaeedShumaila Saeed
February 13, 2024
Fluids encompass all substances that flow (including gases and liquids), while liquids specifically refer to fluids with a definite volume but no fixed shape, adapting to their container.
DDR3 vs. DDR3LDDR3 vs. DDR3L
Shumaila SaeedShumaila Saeed
January 29, 2024
DDR3 is a type of RAM with standard voltage (1.5V), while DDR3L is a low voltage variant (1.35V) compatible with both 1.5V and 1.35V slots.
Pebble vs. StonePebble vs. Stone
Dua FatimaDua Fatima
May 30, 2024
A pebble is a small, smooth rock worn by water or weather, typically found on beaches or rivers, while a stone is a larger, more varied rock that can be rough or smooth, used in construction or as a tool.
Explain vs. DefineExplain vs. Define
Dua FatimaDua Fatima
June 22, 2024
Explaining involves detailing or clarifying a concept, often including context and examples, whereas defining means stating the exact meaning of a word or phrase, typically in a concise manner.
PPM vs. PPMVPPM vs. PPMV
Shumaila SaeedShumaila Saeed
February 10, 2024
PPM (parts per million) measures the concentration of one substance within a million parts of another. PPMV (parts per million by volume) expresses gas concentration as volume per million volumes of air.
5'11" vs. 6'0"5’11” vs. 6’0″
Shumaila SaeedShumaila Saeed
February 4, 2024
The difference between 5'11" and 6'0" is one inch, with 5'11" being 71 inches and 6'0" being 72 inches tall.
NDM vs. FTPNDM vs. FTP
Shumaila SaeedShumaila Saeed
February 15, 2024
NDM (Network Data Mover) automates and secures data transfers across networks, while FTP (File Transfer Protocol) is a standard network protocol for transferring files between computers.
Crane vs. HeronCrane vs. Heron
Shumaila SaeedShumaila Saeed
June 24, 2024
Cranes are large, long-legged and long-necked birds known for their elaborate dances, while herons are typically more solitary, stealth hunters with a distinctive S-shaped neck.
Traditional Trade vs. Modern TradeTraditional Trade vs. Modern Trade
Shumaila SaeedShumaila Saeed
December 25, 2023
Traditional trade involves local, small-scale, often personalized commerce; modern trade is characterized by large-scale, technology-driven, and impersonal retail environments.

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