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.
M2 EQUITYBITES-February 5, 2013-Indian regulator greenlights Diageo's open bid for USL stake(C)2013 M2 COMMUNICATIONS http://www.
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.
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.
Winners at the open bid are all first-tier PV module makers, comprising Lerri Solar, BYD, CECEP Solar Energy Technology (Zhejiang), CSI, Eoplly New Energy Technology and Jinko Solar Holdings.