The phrase "a formal bidding process" is correct and usable in written English.
It can be used when referring to a structured and official method of soliciting offers or proposals, typically in a business or procurement context.
Example: "The company will initiate a formal bidding process to select a contractor for the new project."
Alternatives: "an official tendering procedure" or "a structured bidding system".
This could lead to a formal bidding process.
The process of seeking to host the Tour start is not a formal bidding process, as with something like the Olympics.
Techmanski said in an interview that the contract emerged from discussions between his company and the utility rather than from a formal bidding process.
EMI Music, which was seized in February by Citigroup from the British private equity firm Terra Firma, has also drawn the interest of investors, and music executives say that Citi is expected to begin a formal bidding process soon.
Bjorn Eriksson, who had led a rival bid for Gothenburg to host the championships, said that Coe, the IAAF president, telephoned him yesterday and admitted that it was incorrect to give the event to Eugene without a formal bidding process.
Besides criticizing Snapple's contract to sell drinks in New York City schools, the comptroller took issue with a "letter of intent," apparently awarded without a formal bidding process, that would grant Snapple and its corporate parent, Cadbury-Schweppes, exclusive rights to sell its products on all municipal property.
But she said a more formal bidding process was done several days later, and that KBR has provided Pentagon auditors with documentation on the bids.
Since 2008, Island Conservation has been awarded lucrative, tax-free government contracts to conduct pest control on remote islands without any formal bid process, minimal regulatory oversight, and no accountability for past violations of the Migratory Bird Treaty Act, the Bald and Golden Eagle Protection Act or EPA law.
The superintendent also made a clear distinction between the formal bidding process — in which he said he had no role — and the period leading up to it.
Further details of what went on before the formal bidding process began are expected if a new investigation is opened.
