A potential supplier of dialysis machines to a major hospital sends in a sealed bid for evaluation by the buying committee. What is this called?

Name: A potential supplier of dialysis machines to a major hospital sends in a sealed bid for evaluation by the buying committee. What is this called?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A closed bid is a type of bidding process where the bids are submitted in a sealed format and are only opened and evaluated by the buying committee after the submission deadline.

A Potential Supplier of Dialysis Machines to a Major Hospital