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Definitions from the Web

Retender

Definition (verb)

To submit a new tender or bid, especially after previously withdrawing or rejecting one.

Example Sentences:

1. After carefully reviewing the specifications, the contractor decided to retender their bid for the construction project.
2. The company's initial offer was not competitive enough, so they chose to retender it with revised terms.

Definition (noun)

A renewed tender or bid.

Example Sentences:

1. The retender provided additional details that were missing from the original bid.
2. Due to a technical error in their first tender, the company had to submit a retender before the deadline.

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