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A tender is a bid from a company detailing project costs in business contexts.
Tender can be defined as a bid submitted by a company detailing the cost to complete a project. It is a formal offer in response to an invitation to tender.
In the business context, tender plays a crucial role in the procurement process, where companies compete to win contracts by submitting their best proposals.
Presenting a tender effectively involves showcasing skills, expertise, and cost competitiveness to secure business opportunities.
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