sealed bid

Frequency: 6.02.5 per million words

Refers to a formal, confidential offer, typically in procurement or auctions, submitted in a sealed envelope.

sealedADJECTIVE + NOUN

Categories:

bid

Examples (10)

  • The company submitted a sealed bid for the construction project.
  • All sealed bids must be received by Friday at 5 PM.
  • The committee will open the sealed bids in a public ceremony next week.
  • Only one firm submitted a sealed bid for the highly sought-after contract.
  • To ensure fairness, all offers for the rare artifact were requested as sealed bids.
  • He carefully prepared his sealed bid, hoping to win the auction for the antique car.
  • The winning sealed bid was significantly higher than the initial valuation.
  • Regulations require that many government contracts be awarded through a sealed bid process.
  • Participants were instructed to place their sealed bids in the designated secure box.
  • After thoroughly reviewing all the sealed bids, the decision was finally made.