##  [Competitive Bidding](/index.php/competitive-bidding) 

  ##  [Competitive Bidding](https://social.quantumdictionary.io/competitive-bidding-0) 

  

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**Social Sciences Dictionary**

 







 

 

 

 



 

 

 

 

Definition

A procurement process in which suppliers or contractors submit proposals or sealed bids in response to specified requirements and evaluation criteria established by a buyer, with those submissions compared and scored to select a vendor under the announced rules and timeline.