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.
Mentioned in these definitions
Mentioned in these terms
Popular 'Agreements & Contracts' Terms
sealed bid in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/sealed-bid.html
