simplified bidding definition
simplified bidding means a procurement method which compares quotations from a number of bidders;
simplified bidding means a procurement method which invites bids from a minimum of three bidders;
simplified bidding. An informal procedure used by Purchasing when the estimated cost of a transaction is more than $5,000, but less than $25,000 to obtain at least three competitive price quotes. Small Business: A business that has had less than $1.5 million in gross annual sales in the most recent calendar or fiscal year.
More Definitions of simplified bidding
simplified bidding means one of several different simplified methods of procurement used when the estimated cost of a