Step 5; Completing your tender or EOI forms Ensure you have filled out all the necessary fields from the document, answered each of the criteria and supplied the required number of copies of your submission.
Photoshop files have default file extension as .PSD, which stands for Photoshop Document.. A PSD file stores an image with support for most imaging options available in Photoshop. These include layers with masks, transparency, text, alpha channels and spot colors, clipping paths, and duotone settings.
The most common reason to convert a PSD file is probably so you can use it like a regular image file, like a JPG, PNG, BMP, or GIF file, perhaps. That way you can upload the image online (many sites don't accept PSD files) or send it over email so it can be opened on computers that don't use PSD-openers.