- sealed bid price
- /si:ld 'bɪd praɪs/ nouna price of goods or a service for which suppliers are invited to submit bids. The bids are considered together by the buyer who then chooses the lowest bidder.
Marketing dictionary in english. 2015.
sealed bid price
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sealed bid — ➔ bid1 * * * sealed bid UK US noun [C] ► an offer to buy something at a particular price that is given to the seller in a closed envelope so that it remains secret until all offers are opened together: »a sealed bid procedure/process »The couple… … Financial and business terms
sealed-bid auction — ➔ auction1 * * * sealed bid auction UK US noun [C] ► COMMERCE an auction in which buyers are given just one chance to make a secret offer, without knowing the amount of other offers: »The price paid was more than the market was expecting and… … Financial and business terms
sealed-bid tender — UK US noun [C] ► COMMERCE a system in which companies offer to do a job for a particular price without knowing what offers have been made by other companies. The job is usually given to the company making the lowest offer, after all the offers… … Financial and business terms
Sealed-Bid Auction — A type of auction process in which all bidders simultaneously submit sealed bids to the auctioneer, so that no bidder knows how much the other auction participants have bid. The highest bidder is usually declared the winner of the bidding process … Investment dictionary
Sealed first-price auction — A sealed first price auction is a form of auction where bidders submit one bid in a concealed fashion. The submitted bids are then compared and the person with the highest bid wins the award, and pays the amount of his bid to the seller. This… … Wikipedia
bid — 1 / bid/ vb bid, bid·ding vt: to offer (a price) for payment or acceptance vi: to make a bid: state what one will pay or take in payment a contractor bidding for a job bid·der n bid 2 … Law dictionary
bid — An expression indicating a desire to buy a commodity at a given price, opposite of offer. Chicago Board of Trade glossary The request to buy a futures contract at a specified price; the opposite of offer. The CENTER ONLINE Futures Glossary bid or … Financial and business terms
bid — An offer by an intending purchaser to pay a designated price for property which is about to be sold at auction. An offer to perform a contract for work and labor or supplying materials or goods at a specified price. Public contracts are… … Black's law dictionary
bid — An offer by an intending purchaser to pay a designated price for property which is about to be sold at auction. An offer to perform a contract for work and labor or supplying materials or goods at a specified price. Public contracts are… … Black's law dictionary
bid — {{Roman}}I.{{/Roman}} noun 1 offer of a sum of money to buy sth ADJECTIVE ▪ high ▪ The highest bid was only $200. ▪ low ▪ opening, starting ▪ … Collocations dictionary
