What is a bid?
A bid from a bidder in the tendering procedure is a declaration of intent under civil law, which is to be interpreted in line with Article 133, 157 of the German Civil Code in consideration of the principles developed from case law. When it comes to determining the content, it is not necessary to stick directly to the wording. Instead, declarations of intent requiring acknowledgment need to be interpreted in the way in which they are to be understood by the recipient in good faith, taking common usage into account. Throughout the tendering procedure, bidders can submit bids securely and in a legally compliant manner via AI BIDDERCOCKPIT to have a chance to win the tender or contract.