kilpailuttaa

Verb

 * 1)  To invite tenders, publicly ask for bids (for providing some service or implementing a project, for example a construction project, thus causing a competition for the contract, which is usually won by the lowest bid); to tender out, (UK) to put out to tender (less common: put out for tender).
 * 2)  To race something (such as a horse, car or team) as a manager or owner, usually without participating oneself in the actual competition event as a driver or player.