TENDER

(OFFER) [noun] [C] - a written or formal offer to supply goods or do a job for an agreed priceThree builders put in/submitted tenders for our new garage.The council has invited tenders for the building contract.Our company has won the tender for the new sports complex.(specialized) A tender is also a written offer to buy or sell shares in a company.He acquired Fairchild Industries in a $400 million tender offer last week.(UK) If you put work out for tender, you ask people to make offers to do it.Education departments in all the prisons are being put out to tender. [T]