What is a Tender

In certain circumstances it is in the vendors interests to offer assets for sale by tender rather than by auction.

Where equipment is very specialised, or where there is unlikely to be a broad spectrum of potential buyers, or where an asset may be worth considerably more to one specific buyer than any other, then it may be appropriate to conduct a sale by tender.

The promotion and marketing aspects of the sale are similar to the auction procedure, but potential buyers are invited to offer or "tender" a specific price for the asset. If that offer is the highest received then the "tenderer" becomes the buyer of the asset.

A sale by tender can also be appropriate where assets are being offered for sale, but will not be available for release until some point in the future, or where assets are available at a number of different locations.

CJM Asset Management are experienced in all aspects of tender sales, both in the United Kingdom and Overseas, utilising internet technology to allow overseas buyers to bid for assets.

Please click here for forthcoming Tender Sales.