Glossary

The TenderHood Glossary

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.
Artificial Intelligence (AI) looks at the content and context of a published tender to better match opportunities to business capabilities
The icon for our Machine Learning search tool. Using cutting-edge AI technology to identify tenders that match your business strategy.
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.
A person or thing that is outstanding or excellent.
Common Procurement Vocabulary
An invitation to tender (ITT, otherwise known as a call for bids or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been previously assessed for suitability by means of a supplier questionnaire (SQ) or pre-qualification questionnaire (PQQ).
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 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.
Prior Information Notice - A notice to give you a heads up on what is coming up.
Software As A Service - A service provided over the internet for a fee
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.
A fully loaded social network (like LinkedIn or Facebook), but solely dedicated to supporting Suppliers in U.K. public procurement.
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.
A tender scouting report directs AndyBot to go find the tenders that match your business strategy. We allow you to create unlimited reports as part of your membership.
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 icon for our Tender Matching Service. Setting you up to play and win in the public sector.
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 is where you join in discussions in our forums and join public groups to help build and support the SME community.
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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