Open Bid

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open bid
advertised bidding, bidding that is not limited to specific participants


MONASH Marketing DictionaryDownload this dictionary
Open Bid
a system, common in the government market, of calling for bids from selected suppliers.

2004 (c) Copyright & Reprint Courtesy of the Dept. of Marketing, Faculty of Business and Economics, Monash University; edited by Mr. Don Bradmore.

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