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
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