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licitación

tender, bidding

noun lee-see-tah-SYOHN Rare

Usage Note

Licitación refers to the formal public tender process through which contracts are awarded, especially by governments or institutions. It differs from a simple oferta in that it involves competing bids under regulated procedures. The plural licitaciones is common in legal and business texts.

Examples

"La licitación fue declarada desierta."

Natural Translation

The tender was declared void.

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