bid opening definition

bid opening

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.

bid opening is in the Agreements & Contracts and Purchasing & Procurement subjects.

bid opening appears in the definitions of the following terms: open competitive bidding, closed competitive bidding and competitive bidding

bid opening appears in these other term: public bid opening

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