What is Bid?
The term bid means an invitation to a project. Tenders usually refer to the process by which governments and financial institutions solicit bids for large projects and must submit them within a limited time limit. The term bid may also refer to the acceptance of a formal offer, such as a takeover offer. This form of bid is the process by which shareholders offer shares or securities in response to a takeover offer.
Important point:
Tenders usually refer to the process by which governments and financial institutions solicit bids for large projects and must submit them within a limited time limit. A tender offer is a general solicitation that requires all shareholders to sell their shares at a specified price within a specified period of time. A Request for Bid is a formal and str...