Tender Box
A tender box is a mailbox that is used to receive the physical tender or bid documents. When a tender or bid is being called, a tender or bid number is usually issued as a reference number for the tender box. The tender box would be open for interested parties to submit their proposals for the duration of the bid or tender.
Once the duration is over, the tender box is closed and sealed and can only be opened by either the tender or bid evaluation committee or a member of the procurement department with one witness.
Read more about this topic: Call For Bids
Famous quotes containing the words tender and/or box:
“That good disposition which boasts of being most tender is often stifled by the least urging of self-interest.”
—François, Duc De La Rochefoucauld (1613–1680)
“[Let] the Union of the States be cherished and perpetuated. Let the open enemy to it be regarded as a Pandora with her box opened; and the disguised one, as the Serpent creeping with his deadly wiles into paradise.”
—James Madison (1751–1836)