Bid Opening definition

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Bid Opening

Bid Opening logo #23876The actual process of opening and tabulating bids submitted within the prescribed bid date/time and conforming with the bid procedures. A Bid Opening can be open (where the bidders are permitted to attend) or closed (where the bidders are not permitted to attend). (see Bid Date/Time, Open Bid, Closed Bid)
Found on https://operations.fs.cornell.edu/info/ir_glossary.cfm
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