Tag: tender-glossary

Tender Terminology Explained (Bid, RFQ, RFP, BAC, BEC, etc.)

By System Administrator | December 12, 2025 | 5 min read

A concise guide to common tender terminology—RFQ, RFP, ITT, BAC, BEC and more. Learn definitions, differences, evaluation methods and practical tips for bidders and procurers.

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Tag: tender-glossary

Tender Terminology Explained (Bid, RFQ, RFP, BAC, BEC, etc.)

Popular Posts

The Complete Guide to Tenders in South Africa (2026 Edition)

How Government Procurement Works in South Africa (PFMA, MFMA & PPPFA Explained)

How Long the Tender Process Takes (From Advert to Award)

Tender Alerts vs Tender Management Systems: Why TenderFlow Delivers Both

What Is the Central Supplier Database (CSD) and Why It Matters

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