What is a Tenderer?

A tenderer is a person or organization that submits a proposal to undertake a project or provide goods and services to a buyer. In other words, a tenderer is someone who bids on a contract or project. The term "tender" comes from the idea of offering one's services or products in a formal and official manner, as if presenting a gift or an offer to the buyer.
Tenderers are often businesses or organizations that specialize in a particular field or industry, such as construction, IT, or consulting. They may be invited to tender for a project by the buyer, or they may submit a proposal unsolicited. The process of tendering typically involves preparing a detailed proposal outlining the services or goods to be provided, the cost of providing them, and any other relevant information about the bidder's qualifications and experience.
Once all tenders have been submitted, the buyer will review and evaluate them, and then select the winning tender based on factors such as price, quality, and experience. The winner of the tender is then awarded the contract or project, and they begin work on fulfilling their obligations under the agreement.