Global Tenders - Tenders Glossary/Terminology

	EOI - Expression of Interest
	Expression of interest, meaning a business communication that an organization is interested in providing goods or services
	Tender Notices
	Request for Proposal/Request for Quotation or Tenders is an invitation for suppliers, often through a bidding process, to submit a proposal on a specific product/work/service.
	Project Information
	Projects come much before tenders in the project life-cycle. Projects are "broad" notices indicating the sector in which the buyer will procure goods or services in future. This helps manufacturer's/suppliers to get ready and arrange for resources for the future big orders and they can plan the expansion of their business.
	Procurement News
	Procurement News provides business development opportunities from the private and public sector, subcontracting opportunities in the form of contract award news, a way to keep you updated all the time. It keeps updated with all the changes in your industry
	RFP
	Request For Proposal - A formal request for a proposal - can range from a simple proposal to a complex tender
	RFQ
	Request For Quotation
	Corrigenda
	Corrections in the tender notice
	CPV
	Common Procurement Vocabulary
	e-Procurement
	The term used to describe the use of electronic methods of the purchasing process.
	e-Tenders
	Electronic tenders are becoming the norm in public sector procurement;Â the whole tendering process is conducted electronically. Various systems and processes are used and sometimes it is entirely paperless.