招标 zhāobiāo to invite bids
How to remember 招标: 招 to summon + 标 mark = to invite bids.
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How it is used
- To invite bids / put out to tender - 公开招标 (gōngkāi zhāobiāo) open tendering, 招标公告 a tender notice.
- The buyer's side calling for bids; the answering act of submitting a bid is 投标 (tóubiāo).