- A contractor bidding for a construction is required to prepare many bid documents.
- All bids are kept secret until the winning bid is announced.
- All bids must be accompanied by a bid bond or bank guarantee of two per cent of total bid price.
- Each bid is submitted in writing and is referred to as a sealed bid.
- For the open bid ,bidders may revise their bids repeatedly.
- I regret to inform you that your tender was not acceptable.
- The bidder withdrew his bid after submission of his bid.
- The company bid $5 million for the contract to build the bridge.
- The firm decided to bid on the new subway.
- We decided to invite tender for the project.