sealed bid
Definition
Document enclosed in a glued (sealed) envelope and submitted in response to invitation-to-bid (ITB). Sealed bids received up to the deadline date are generally opened at a stated time and place (usually in the presence of anyone who may wish to be present) and evaluated for award of a contract.
sealed bid is in the Agreements & Contracts and Purchasing & Procurement subjects.
sealed bid appears in the definitions of the following terms: open competitive bidding, request for tenders, tender, public bid opening, open tender, competitive bidding, request for proposals (RFP) and bid solicitation
sealed bid appears in these other terms: two tier sealed bidding, sealed bid auction
This content can be found on the following page:
http://www.businessdictionary.com/definition/sealed-bid.html
email to a friend
print this definition
cite this definition
link to this page







