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Question: A tender is in the nature of: 

Options:

  1.  A contract
  2.  An offer
  3.  An invitation to offer
  4.  A proposal

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1 Answer

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Best answer

3. An invitation to offer

A tender is in the nature of an invitation to offer.


Explanation:

A tender is an offer to work or supply goods in fixed rate. It has the nature of an invitation to offer.

Invitation to tender is a formal and structured process of creating competitive offers from various potential business contractors who want to work.

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