Tendering

Tendering

Tendering is the acquisition of goods and/or services at the best possible total cost of ownership, in the right quantity and quality, at the right time, in the right place for the direct benefit or use of governments, corporations, or local authorities, generally via a contract. Simple tenders may involve nothing more than repeat purchasing. Complex tendering could involve finding long term partners – or even "co-destiny" suppliers that might fundamentally commit one organization to another.

Tendering is also known as pitching or procurement in some areas. Pitching is commonly referred to as the previsualisation of ideas and concepts in very rudimentary or written form. This is mostly presented in the television and media trade as well as graphic, web and architectural instances.

In television, a company pitches to its producers a concept or an opinion of a concept to be taken on in work later. This includes rough sketches and ideas drawn up, even filmed, and shown to the clients who then request the work is subsequently undertaken to produce a clean, polished form for broadcast. Often this is or part of an advertising campaign.This method is similar to the film industry's treatment submission, which is not an opinion or visualisation of a brand or project requirement, but actually a whole concept or idea submitted as a possible project of its own. This also happens in television for yet unchartered territory and concepts that have not been greenlighted. A pitch may be made during the submission, and subsequently, a pitch may be submitted to award the most appropriate director, studio, production agency etc.Pitches are usually compensated for time if a significant amount of work has already been undertaken or requested to be undertaken.

A similar lineage is employed in many different industries.

This is a variant of tendering, which is soon to be made illegal in the UK after a long union battle against intellectual property rights infringement. Tenders are actual finished, or near-finished pieces of art, concepts, televisual pieces and design jobs. Tendering is not illegal in the architectural trade for which specific laws protect designers, artists and engineers. "Compensated tendering" is not planned to be outlawed in any sector, as the artists are paid a pre-agreed sum to cover base materials and time, to protect the artist or company from lost earnings in the duration. The sum paid is not a premium nor is it a payment for copyright or licencing of the artform.

Procurement is the act of submitting previous examples of work quality, a timeframe and estimated costs plus any extra integers in a simple form to the outsourcing company or individual. Mostly government-based method, this is the safest way for companies to put themselves forward for projects as they do not need to complete any actual work on the jobs which may result in unpaid time and materials if the pitch is rejected. It also gives employing entities the choice without making committals.

Being 'awarded' a contract, or 'winning a pitch' is when a company or individual has been selected from tenders, procurement lists or pitched ideas. The company is then given a contract detailing the legal requirements of both or all parties which has been preapproved by all upon acceptance of the project responsibility.

Companies are more often creating a legal substitute to tendering, which involves creating, editing or visualising an imaginary project (such as a marketing poster or ad campaign) to which no IP is of worth, and all tender applicants are given an equal plane to compete. Both parties must agree to not later use the produced pieces in any form. Tendering can also refer to the job of transporting fish from fisherman to processor, or canneries. Tendering to the fisherman; providing groceries, fuel, hardware, or laundry and a hot shower so the fisherman can keep fishing and not have to deliver his fish to town.


Wikimedia Foundation. 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • tendering — ten‧der‧ing [ˈtendərɪŋ] noun [uncountable] COMMERCE the act or practice of making offers in the form of tenders: • The Government is introducing competitive tendering (= when several companies make tenders to try and get work ) for local leisure… …   Financial and business terms

  • Tendering — Tender Ten der, v. t. [imp. & p. p. {Tendered}; p. pr. & vb. n. {Tendering}.] [F. tendre to stretch, stretch out, reach, L. tendere. See {Tend} to move.] 1. (Law) To offer in payment or satisfaction of a demand, in order to save a penalty or… …   The Collaborative International Dictionary of English

  • tendering — / tendərɪŋ/ noun the act of putting forward an estimate of cost ● To be successful, you must follow the tendering procedure as laid out in the documents …   Marketing dictionary in english

  • tendering — / tendərɪŋ/ noun the act of putting forward an estimate of cost ● To be successful, you must follow the tendering procedure as laid out in the documents …   Dictionary of banking and finance

  • tendering — ten·der || tendÉ™(r) n. bid, offer; overseer, supervisor; car attached to a locomotive for carrying fuel and water v. offer formally, suggest, make a suggestion adj. gentle, soft, delicate …   English contemporary dictionary

  • tendering — noun ( s) Etymology: from gerund of tender (II) : a lessening of the strength of cloth or yarn; especially : a weakening caused by acids during manufacture * * * tenˈdering noun • • • …   Useful english dictionary

  • collusive tendering — ➔ tendering * * * collusive tendering UK US noun [U] (also collusive bidding) LAW ► a situation in which companies share information illegally among themselves when offering to supply goods or services, in order to control the price: »Collusive… …   Financial and business terms

  • collusive tendering — A process in which firms tendering for contracts put out to tender by (typically) public authorities agree to share out contracts between them and/or to fix the price at which bids are to be made. Practical Law Dictionary. Glossary of UK, US and… …   Law dictionary

  • Compulsory Competitive Tendering — (CCT) England, Wales An initiative whereby local authorities were forced to open up in house services, such as refuse collection and road maintenance, to private competition in the 1980s in an effort to cut costs and improve value for money. The… …   Law dictionary

  • Information Services Procurement Library — The Information Services Procurement Library (ISPL) is a best practice library for the management of Information Technology related acquisition processes. It helps both the customer and supplier organization to achieve the desired quality using… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”