bid opening
Definition
Stage in a bidding process where the received bid-envelopes are opened and examined by the advertiser (called buyer, client, customer, or owner) of an invitation-to-bid (ITB). In an open or public bid opening, the bidders (and other parties) are allowed to witness the process and inspect the bids, in a closed opening only the owner's staff is present.
Mentioned in these definitions
Popular 'Agreements & Contracts' Terms
bid opening in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/bid-opening.html
