Open Bid

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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.

Elected members protest against power outages

Big names from the hospitality sector such as the Oberoi group, ITC, the Sahara Group and French hotel giant Accor have all expressed interest in the Mansingh Road property and the urban development ministry is believed to be backing the idea of open bids as well.

Final decision on fate ofTaj Man Singh in 3 days

PTT to open bids to buy natural gas pipe

The HOA Board of Directors should start conducting open bids from several landscaping companies.