Tender Glossary
Plain-English definitions of the procurement terms you'll see in Pakistani government tenders.
Bid Security
A refundable deposit bidders submit with their bid to guarantee they won't withdraw it before the contract is awarded.
Earnest Money
Another term for bid security — a good-faith deposit submitted with a bid or auction offer.
EOI (Expression of Interest)
A notice inviting firms to express interest and demonstrate qualifications, usually as the first stage before a shortlist is formed.
NIT (Notice Inviting Tender)
The formal public advertisement announcing a tender opportunity, its scope, and how to obtain bidding documents.
RFP (Request for Proposal)
A solicitation for detailed technical and financial proposals, typically used for consultancy and complex services.
BOQ (Bill of Quantities)
An itemized list of construction/works items with quantities, against which bidders enter their unit rates and total price.
Corrigendum
An official correction or amendment to a previously published tender notice.
Pre-Qualification
A screening stage that filters bidders on technical/financial capability before they're allowed to submit a priced bid.
Single-Stage Two-Envelope Bidding
A bidding procedure where technical and financial proposals are submitted in separate sealed envelopes, opened in sequence.
Performance Guarantee
A bank guarantee the winning bidder submits after contract award, to secure proper performance of the contract.