Section 5: Invitation to tender and Submission of tenders 1. The meaning and characteristic of Invitation to tender and submission (1)The meaning of Invitation to tender and submission (2)The characteristic of Invitation to tender and submission 1. It's competed by numerous bidders in a fixed time and place 2. The trade is concluded without negotiation 3. The bidder can only bid once, no counter-offerSection 5: Invitation to tender and Submission of Tenders 1. The meaning and characteristic of Invitation to tender and submission ◼ (1) The meaning of Invitation to tender and submission ◼ (2) The characteristic of Invitation to tender and submission • 1. It’s competed by numerous bidders in a fixed time and place • 2. The trade is concluded without negotiation • 3. The bidder can only bid once, no counter-offer