What is the difference between tender,bid and procurment?

tender

Tender for a project  is adocument list prepared by the project owner to explain what is the project and its activities and the kind of materials for specific quantities of the materials and how to implement each activity and any special requirementsand a needed to be done to complete the project,to invite contractors and suppliers to make presentations and prepared bids  to accept a formal offer such as a takeover bids .

  Tender usually refers to the process whereby governments and financial institutions invite bids for large projects that must be submitted within a finite deadline.

bid is a document illustrate project activities and quantities of materials needed for each project activity, with the cost of each activity as well as the cost of each project. bid is prepared by a contractor who receives a tender from the owner of the project. 

the owner receives many bids from diffrent contracts to choose the best proposals based on multiple conditions.

procurement is the process of finding, agreeing terms and acquiring goods, services or works from an external source, often via a tendering or competitive bidding process 

A Tender is an open Request for Proposal (RFP) when an organization wants to buy something and is soliciting bids from suppliers. It is more commonly used term within Government sector which requires Procurement ‘tender out’ anything they want to buy to be fair and prevent favoritism.

Bids are the supplier’s proposals against those RFPs. It includes things like pricing, availability and delivery schedule. Bids are usually sealed (secret) and opened during a ‘Tender Opening’ where the Procurement team opens the bids in front of all the suppliers on a certain day and time to ensure transparency.

The tender is to submit your offer to do some specific job.

Firstly we are prapering the two part bid i.e technical bid and price bid and other tender documents like Special Condition of Contract, Instruction to bidder, General Condition of Contracts, EMD, SOR, SOW and Contracter HSC, then publish the tender to all selected vendors.

After the submission the tender documents by the vendors, we can make a comprative ststement and find out the whose party has quote the lowest price, then we put a TCE note (Tender Eveluation Committe) after the signing of TEC we can make the Purchase Order to vendor.

After the reciving of PO vendor has dispatch the material.

Procurement is often carried out by the process of tendering, rather than buying products directly from a seller.

Tender is document prepared by Project Owner (or Consultant in behalf of him)  where is defined Project requirements – capacity of the plant location, vendor list, 

Bid come after floating the Tender from potential supplier. Consultant task is to evaluate different bids.

Procurement is document provided by Contractor and project Owner should check accomplishment of this document with Contractual stipulation.

TENDER: This is a method of obtaining resources neccessary to carry out a project.

PROCUREMENT: This is an overall process of acquiring construction work or services.

BID: is the process of submitting a proposal (tender) to undertake, or manage the undertaking of a construction project.

Tender is a package documents consisting of various sections viz. Instructions to Bidder (Particular/General), Contract Conditions (Particular/General), Scope of Works, Techinal Specification etc. with a defined budgetary allocation namely termed as Tender Estimate.

Bid is the commercial offer submitted by the partcipating bidder in compliance with Tender requirements which may be lower or higher than Tender Estimnate.

Procurement is the tendering process from the issue of the Tender untill the award of the Tender to successful bidder, also termed as Tender Period.

tender is project with fix budget.

bid is our offter to do that project bid will be below of the tender amont but some time it will be more then the tender amount according to the condition.