This is the 5332nd most frequent Spanish word.
licitación
The act of bidding or tendering, typically in a public procurement process.
In this sentence, 'licitación' refers to a process where companies are invited to submit proposals or bids to undertake a project.
El gobierno abrió la licitación para la construcción del puente.
The government opened the bidding process for the construction of the bridge.
Here, 'licitación' is used as the formal procedure where a participant submits an offer to secure a contract or service.
Participaré en la licitación con mi propuesta innovadora.
I will participate in the bidding with my innovative proposal.
In this case, 'licitación' is discussed as a system or set of guidelines to regulate the bidding activities.