What Is The Meaning Of Bidding Process?

1.	What Is The Meaning Of Bidding Process?
Answer» A competitive bid PROCESS is mostly used in the procurement of goods and services. The process ENTAILS SUBMITTING a sealed envelope detailing the PRICE and terms of an offer. The recipient of the offer then selects the competitive bidder that has DELIVERED the lowest price or best terms.

Answer»

A competitive bid PROCESS is mostly used in the procurement of goods and services.
The process ENTAILS SUBMITTING a sealed envelope detailing the PRICE and terms of an offer.
The recipient of the offer then selects the competitive bidder that has DELIVERED the lowest price or best terms.

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