Multiple choice

Tender is

  1. an offer

  2. an invitation to offer

  3. a counter-offer

  4. a promise
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Option (1) is incorrect: An offer is always by one party to another. Option (2) is correct: Tender means a type of quotation offering lowest price for supply of some goods or services or job works. It is an invitation to offer. Option (3) is incorrect: It is not a counter-offer.  Option (4) is incorrect: An offer when accepted becomes a promise.

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