La palabra del día: Licitación

Feminine noun. In Business Spanish a  licitación can mean two different but related things: 1. System by which the performance of a work or a service, generally of a public nature, is awarded to the person or company that offers the best conditions. The lexical phrases are convocar una licitación  and adjudicar la licitación  E.g.: La licitacion de la obra fue convocada en mayo y adjudicada a la empresa Constructura Moller y Perez-Cotapos S.A: The tender for the works was called in May and awarded to the company Constructura Moller y Perez-Cotapos S.A.  2. In some countries licitación refers also to a public sale in which a thing, especially goods or things of value, is awarded to the person who offers the most money for it. In Argentina we call this last one subasta pública. dc