Definitions from the Web
Open Bidding
Open bidding refers to a competitive process in which multiple individuals or organizations submit bids or offers for a particular item, service, or project.
Example Sentences:
- During the auction, the art piece will be sold to the highest bidder through open bidding.
- The construction project was awarded after an open bidding process.
- Online platforms often use open bidding to determine fair prices for products.
- The government announced an open bidding process for the contract to build a new bridge.
- Buyers were able to participate in the open bidding for the rare collectible.
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