What is a Bidder?
A bidder is an individual or organization that submits a bid in response to a request for proposal (RFP) or invitation to tender (ITT). The bidder offers to provide goods or services at a specified price and under certain terms and conditions.
Example: "The company received several bids from different contractors, and they are now evaluating the proposals to determine which bidder will be awarded the contract."
In this context, the term "bidder" refers to the entity that is offering to provide the goods or services, and the process of submitting a bid is called bidding. The party that awards the contract is typically referred to as the buyer or procurement entity.
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