Glossary

The TenderHood Glossary

Above Threshold
There are thresholds within EU procurement which dictate whether or not a tender needs to be published to the official journal or not. Above threshold are those which do require to be published, and therefore have more rules applied.
AI-driven Tender Searches
Artificial Intelligence (AI) looks at the content and context of a published tender to better match opportunities to business capabilities
AndyBot
The icon for our Machine Learning search tool. Using cutting-edge AI technology to identify tenders that match your business strategy.
Below Threshold
There are thresholds within EU procurement which dictate whether or not a tender needs to be published to the official journal or not. Below threshold are those which do not require to be published, and therefore have less rules applied.
CPV
Common Procurement Vocabulary
LOTS
Contracts can often be divided up into "lots", which are like smaller, separate contracts. Dismissing large contracts outright could mean missing out on a great opportunity. That's why it's so important to read the full contract notice - which of course, AndyBot does - opening up more possibilities for you to win.
Machine Learning
Machine learning is a form of artificial intelligence (AI) that uses context, patterns and meaning to categorize data. It's way more efficient and accurate than a human ever can be.
PIN
Prior Information Notice - A notice to give you a heads up on what is coming up.
SAAS
Software As A Service - A service provided over the internet for a fee
SMES
Small and medium- sized enterprises Micro: < 10 employees or turnover up to €2 million Small: < 50 employees or turnover up to €10 million Medium: < 250 employees or turnover up to €50 million SMEs make up 99.9% of UK businesses.  We deserve to compete on a level playing field.
Supplier Social Network
A fully loaded social network (like LinkedIn or Facebook), but solely dedicated to supporting Suppliers in U.K. public procurement.
Tender Matching Service
Less is more. Unlike other tender alert services that alert you to a bunch of possibilities you still have to sort through, we match tenders to your company strategy - identifying those opportunities you can actually win.
Tender Profile
A tender matching profile directs AndyBot to go find the tenders that match your business strategy. We allow you to create unlimited profiles as part of your membership.
The Mayors Music Madness
Every 2 weeks in our blog, Dave our Mayor of The TenderHood is going to bring you a classic dance tune from the 90's, perhaps even earlier. Public procurement can be fun, so why not get busy starting with some tunes to kick off your day.
The Playing Field
The icon for our Tender Matching Service. Setting you up to play and win in the field of Public Procurement.
The Pub
The icon for our Social Network.  Let's face it.  In the U.K. there's no better place to meet than the Pub.
The Town Hall
The Town Hall is where you join in discussions in our forums and join public groups to help build and support the SME community.
Town Council
The TenderHood remains under construction, and we’d like to invite you to join us in developing our road map.

Is there anything we missed? What can we decode for you?

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