In American usage, a 'letting' was the award or assignment of a public contract — the formal process by which government work is let out to a contractor. The phrase 'contract letting' refers to the competitive bidding process for government projects. The sense is now mostly found in formal legal and construction industry contexts. In British English, 'letting' more commonly refers to renting out property.
The road repair contract was up for letting and three local firms submitted bids.
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(US, dated) The award of a public contract.
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Regional slang from around the English-speaking world — British, Australian, Irish, Caribbean, Nigerian, Filipino, AAVE, and the hyphenated-English dialects that make the internet sound local.
See all Regional & Other slang on Slangora.