Open Bid
(redirected from Open Bids)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.
Also found in: Financial.
References in periodicals archive
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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.
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.
International Resource News-16 September 2009-PTT to open bids to buy natural gas pipe(C)2009 ENPublishing - http://www.
The HOA Board of Directors should start conducting open bids from several landscaping companies.
Most projects are awarded through open bids for tenders," explains Frost & Sullivan Industry Manager Sath Rao.
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