Tender Definition Tender - It is the contractor's bid writing offering to execute the specified work of construction or supply of material or equipment at the rates and amount offered in the bid and in the time limit and under conditions specified and agreed. Tendering - The process of inviting bids aħd accepting them is called tendering, Tender documents. The set of other information supplied to the contractor to enable him to offer his bid along with the tender notice is called a tender document. Tender notice - The information to be given to the general public for getting the bid for executing a construction work or supply of material or equipment through newspapers or putting notices on The office notice board and pasting this information on public places is called tender notice. Earnest money - At the time of submitting a tender, the tenderer is required to deposit about 2% of the estimated cost of the contract value of the project with the department. This amount is known a