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Definition of Sealed bid
1. Noun. A cost estimate, or a proposal to buy something, the value of which is kept secret from competitors until all such bids have been made. ¹
¹ Source: wiktionary.com
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1. Noun. A cost estimate, or a proposal to buy something, the value of which is kept secret from competitors until all such bids have been made. ¹
¹ Source: wiktionary.com