[Bidding] What does the so-called "short-listed" mean?

Can it be said that as long as company B bids and buys the tender of company A, whether it wins the bid or not, it will be considered as a finalist? Follow-up: Generally, the finalists will have the most basic qualification examination, such as the reputation of Company B, the quality of products, the effectiveness of products supplied, etc., before they are qualified to bid. Or you can understand that only the finalists are eligible to bid.