Open Bid


Also found in: Financial.

Open Bid

An offer to perform a contract, generally of a construction nature, in which the bidder reserves the right to reduce his or her bid to compete with a lower bid.

References in periodicals archive ?
District council millions worth 7 schemes auctioned on open bid: The district council soon after concluding local government elections called open bids for 17 developmental schemes worth more than 1o million.
Summary: New contracts to produce oil and gas in Libya won't be awarded as political favors, but will be given to companies on merit after an open bid process, the U.
Announcing an open bid for the programme, the UIM has reiterated that the new strategic approach is required to develop and implement such a programme to make a positive contribution to the sport with the future in mind.
In the recent third round of the Beijing municipal bus National IV standard open bid program, despite intense competition, Yuchai was awarded the contract to install its diesel engines for all 866 buses.
ACC) executives Tom Armstrong and Charlie Armour recently shared their experience with six such auctions, three of which put ACC's current jobs on open bid.
RAYMOND RUSSELL, top Scot at the 98 Open, has consulted a sports shrink in a bid to keep his Millennium Open bid on course.
Noosh V34 includes new functionality, including Open Bid and a Vendor Rating System based on GE's Six Sigma technology.
This project has an awfully high price tag to award without completing an open bid process,'' Weste said.
At an auction at Manhattan's Bankruptcy Court, Forest City Ratner Companies (FCRC), the developer of the $ 1 - billion commercial, academic and high technology office complex in the heart of Downtown Brooklyn known as MetroTech Center, secured the rights in an open bid to purchase the former R.
In a petition for rule-making filed at the Federal Communications Commission, BellSouth said an open bid process was the best way to ensure that radio spectrum is put to the best possible use, that the government receives the best value for the spectrum it auctions and that new wireless technologies quickly reach consumers.
In fact, Waste Management would have an equal opportunity to participate in the city's open bid process.
Back at Riviera this week for another Nissan Open bid, Tryba, 34, said he often pulls out taped coverage of his brush with golf history.