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"Licitación" is a noun which is often translated as "tender", and "BID" is an abbreviation which is often translated as "IDB". Learn more about the difference between "licitación" and "BID" below.
la licitación(
lee
-
see
-
tah
-
syohn
)A feminine noun is almost always used with feminine articles and adjectives (e.g., la mujer bonita, la luna llena).
1. (legal)
a. tender
El Ministerio de Transportes sacó dos obras a licitación el año pasado.The Ministry of Transport put two contracts for the work out to tender last year.
a. bidding
Las bases de licitación de la subasta se publican mañana.The terms for the bidding at the auction will be published tomorrow.
BID(
beed
)An abbreviation is the shortened form of a word or group of words (e.g., "UFO" = "unidentified flying object"; "p." = "page").
a. IDB
En su último informe anual, el BID prevé un crecimiento del 6% en el conjunto de la región para este año fiscal.In its latest annual report, the IDB forecasts growth of 6% in the region as a whole for this fiscal year.
