What does the term 'tender' mean in a formal context?

In a formal context, the term 'tender' means to offer or present something for acceptance. This can apply in various situations such as submitting a bid in procurement, proposing a legal document, or presenting a formal offer. When one tenders something, they are making it available for consideration by another party, which implies a level of responsibility and intention behind the action. For example, a contractor might tender a proposal to a government agency, which signifies that they are officially offering their services or bid for a project. This usage captures the essence of making a formal offer, distinguishing it from other contexts where 'tender' might not convey such a precise meaning.