Open Bid


Also found in: Legal.

Open Bid

A bid in which the bidder may change the amount offered. For example, suppose a construction company makes an open bid to complete a project for $150,000. If a competing company makes a bid for $130,000, the first company reserves the right to revise its bid downward in hope of being awarded the contract.
References in periodicals archive ?
7 of them finalized on open bid to winners contractors while 6 others will be re open against so as to attract contractors with below rates.
Boat builders and engine suppliers have been invited to enter into an open bid process for the delivery of boats in the UIM Circuit Class GT-15 and GT-30.
The Beijing municipal bus authority launched an open bid program to invite all OEMs and auto-part makers to bid for the contract for the National IV buses.
The Open Bid feature benefits both Buyers and Suppliers.
We're very pleased that the president of the council has responded positively to the call of nearly 65,000 voters to rescind the contract, and we look forward to participating in an open bid process,'' Mihlsten said.
Technology Open Bid eXchange(TM), an independent global transaction network for buyers and sellers in the information technology industry, announced today the official executive line-up to head the TechnologyOBX team.
NYSE:ELE) announced that its Chilean affiliate Enersis has concluded the open bid process for the disposal of its affiliate Aguas Cordillera as part of the divestiture plan of non-core assets established by the Genesis Project.
Who (we are): TechnologyOBX(TM) (Technology Open Bid eXchange(TM)) is an unprecedented, independent and neutral global Open Bid eXchange(TM) for buyers and sellers in the information technology industry.
The SAISC contract, which was awarded to STM after an international open bid in which STM competed directly with other major satellite and radio manufacturers, requires STM to supply SAISC with 25 X.
In addition to a faithful following of quality minded buyers, we're pleased that our product can compete in the open market as recently proven with multiple open bid awards in both Southern and Northern California.
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.
Van Metre Homes will begin accepting open bids for the purchase of the home on April 25th, with proceeds from the sale benefiting several local charities.