The process
Lot
A division of a larger contract into parts that suppliers can bid for separately.
Buyers split contracts into lots — by geography, service line or value — so smaller and specialist suppliers can bid for the parts they can deliver rather than the whole.
Lots are a deliberate way of opening up contracts to SMEs, so check whether you can compete strongly for a single lot even if the whole contract is out of reach.
Related terms
See live tenders, scored against your company.
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