Tilboði

Tilboði is an Icelandic noun form connected with tilboð, which translates to offer or bid. In English contexts, tilboð is most often rendered as “offer,” “bid,” or “price quote.” Tilboði appears as one of the inflected forms of tilboð in Icelandic grammar, used in sentences where this word takes a particular case.

Etymology: The word tilboð derives from Old Norse tilboð, from til meaning toward or for, combined with boð meaning offer or invitation. In modern Icelandic, tilboð denotes a proposal to provide goods or services at a stated price, or a bid in a competitive process.

Usage: In everyday language, tilboð can mean a shopping offer or promotional deal. In business and public procurement, tilboð is a formal bid or quotation submitted by a supplier in response to a tender. Such documents specify price, delivery terms, and conditions. Government procurement rules typically require competitive tilboð, and contracts are awarded to the most advantageous offer, balancing price with quality and compliance.

Variants and related terms: verðtilboð refers specifically to a price quotation. Tilboðsgögn means tender documents, including the bid, terms, and conditions.