retender

Retender is a verb meaning to issue a new tender or to solicit new bids for a project or contract, typically after the initial tender has been canceled, withdrawn, expired, or found unsatisfactory. It is commonly used in public procurement, government contracting, and corporate purchasing.

In a retender, the contracting authority may revise tender documents, adjust specifications, extend deadlines, or re-scope the project, and then invite bids again. The objective is to restore competitive bidding and to ensure value for money, transparency, and compliance with procurement rules. Retendering can be mandatory under legal or policy frameworks or pursued voluntarily to reflect changing requirements, market conditions, or budgetary considerations.

Usage and terminology vary by jurisdiction. The procedure is sometimes described as a re-tender or retendering, and the noun form retendering denotes the process itself. In some contexts, organizations may also cancel an existing process and re-tender after receiving noncompliant bids or after a contract has expired, to reopen competition and secure better terms.

See also: re-tendering, tendering, procurement, contract awarding.