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Definition of "sealed bid" []

  • A cost estimate, or a proposal to buy something, the value of which is kept secret from competitors until all such bids have been made. (noun)

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Use "sealed bid" in a sentence
  • "Escambia County Administrator Bob McLaughlin on Tuesday said Escambia County commissioners have "ruined the integrity of the sealed bid system" used by the county to bid out construction contracts."
Words like "sealed bid"
method of sealed bids
sealed-bid auction