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offeror

offeror

7.8
A person who suggests conditions for a deal
  • noun
  • /ˈɔːfərər/
  • Formal
translation icon : ofertante
  • Furthermore, full and open competition requires the government to hold offerors accountable to the same standards and treat them equally to avoid any unfair advantages or impropriety—or appearance of impropriety—and ensure that all offerors compete on an equal playing field.
  • potential offerors

It's possible to be the offeror but not the drafter of the contractual offer.

Examples

  • The three offerors then challenged the award decision at the CoFC.

    Academic text (2017)
  • It's possible to be the offeror but not the drafter of the contractual offer.

  • An initial offeror often cannot know whether there are gains of trade to be had in a particular negotiation.

    Academic text (1997)
  • Further, this process takes a significant amount of time, and once registered, the offeror must carry the expensive ongoing burden of continued compliance and reporting required under the Exchange Act.

    Academic text (2017)
  • Full and open competition at the federal level also requires the purchasing agencies to provide advance public notice of procurement opportunities because such notice puts the greatest number of potential offerors on alert of the government's requirements.

    Academic text (2017)
  • To meaningfully promote these competition and transparency requirements existing in nearly every procurement system, procurement units must make offerors aware of these opportunities and provide a chance for them to compete.

    Academic text (2017)
  • Additionally, even when the thresholds are not met, the principle of the so-called cross-border interest requires that procurement units nonetheless publicly advertise government opportunities when shown sufficient interest from another offeror outside the purchasing agency's country of origin.

    Academic text (2017)
  • The offeror submitted a proposal to provide catering services for the event.

  • As the offeror in the contract negotiation, she hoped to secure better terms for her company.

  • In a bidding process, each offeror is required to provide detailed information about their qualifications.

Synonyms

tenderer
vsofferor
  • Jargon
1 7.2

A company that makes a formal written offer to do work or supply goods

is more general meaning any person who proposes something to another
offerer
vsofferor
4.9

A person who suggests something for someone to accept or refuse

is the preferred legal or business form of the word

Surface Forms

offeror singular
offerors plural

Morphology

offeror = offer (transparent) = offer + or

The agentive suffix '-or' added to the verb 'offer' yields 'offeror' meaning 'one who offers', which is directly derivable for learners familiar with the verb and common agentive patterns.

Etymology

The word offeror comes from the noun offer plus the ending -or, which makes a word meaning 'someone who does', just like actor or creator. So, an offeror is the person who 'presents' or 'gives' an offer, especially in a business or legal situation.