7 - Bidding and Bid Depository

Question 1

Box or location where bid documents must be lodged by the bid date to be eligible for consideration.

Answer 1

Bid depository

Question 2

is an offer (often competitive) to set a price by an individual or business for a product or service or a demand that something be done. Bidding is used to determine the cost or value of something.

Answer 2

Bidding

Question 3

 Bidding can be performed by a “buyer” or “supplier” of a product or service based on the context of the situation. In the context of auctions, stock, exchange, or real estate the price offer a business or individual is willing to pay is called a _____

Answer 3

bid