Procurement Proposal

Bid - A Bid refers to a formal offer submitted by an individual or entity to undertake a specific project or provide certain goods or services at a stated price, often in response to an invitation to bid or request for proposal. This process is commonly used in public and private sector procurement to ensure competitive and fair selection of contractors or suppliers.

Class Information

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Identification

Label (rdfs)
Bid
Preferred Label
Procurement Proposal
Alternative Labels
Offer, Proposal, Tender
Identifier
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Definition and Examples

Definition
A Bid refers to a formal offer submitted by an individual or entity to undertake a specific project or provide certain goods or services at a stated price, often in response to an invitation to bid or request for proposal. This process is commonly used in public and private sector procurement to ensure competitive and fair selection of contractors or suppliers.
Examples
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Additional Information

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Deprecated
False

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