A bid which has been submitted in a sealed envelope to prevent dissemination of its contents before the deadline for the submission of all bids; usually required by the purchasing authority on major procurements over the formal bid limit to ensure fair competition among bidders.
a bid in which the dollar amount of the bid is kept private between the buyer and the bidder
A method of sale utilized where confidential bids are submitted to be opened at a predetermined place, date, and time. Many government auctions occur in this manner, as they accept bids from around the country (and probably the world!).
An auction in which confidential bids are submitted and opened at a predetermined place and time. This is not considered a true auction because it does not support competitive bidding.
A Sealed Bid is used to request fixed-price bids for products or services.
A method of auction where confidential bids are submitted within a specified time and award of property is made to the highest bidder upon opening of bids.
A method of sale utilized where confidential bids are submitted and to be opened at a predetermined place and time. Not a true auction in that it does not allow for reaction from the competitive market place.
bid, typically in a competitive new issue offering, where the terms thereof are not disclosed until a pre-determined time and date.
