Sentence examples for sealed bid from inspiring English sources
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.
In Beijing and Shanghai they plumped for a zhaobiao or "sealed bid" sale.
In the past such uneeded equipment was sold by sealed bid.
Some New York area brokers say they conduct "sealed bid" auctions similar to those auctioneers hold.
Each bidder must submit a sealed bid along with a check for 10percentt of its value.
From a theoretical viewpoint, we fully determine optimal suppliers' bidding strategies and expected outcomes, i.e. score/utility, price and duration, for the buyer under both first score sealed bid and second score sealed bid auctions.
Visitors to the exhibition are being given the opportunity to place a sealed bid prior to the auction.
First-price sealed-bid auction project developers submit sealed bids, and the awarded bidder pays the bid price.
Second-price sealed-bid auction project developers submit sealed bids, and the awarded bidder pays the highest losing bid price.
Auctions can be of several forms [18, 73]: First-price sealed-bid auction project developers submit sealed bids, and the awarded bidder pays the bid price.
Pay-as-bid sealed-bid auction project developers submit sealed bids, and the awarded bidders pay different prices for their awarded projects under the total allocated auction volume.
There are four major auction types [52], i.e., open ascending price auction, open descending price auction, sealed-bid first-price auction, and sealed-bid second-price auction.
