Usually means: Offer submitted confidentially in competition.
Definitions Related words Mentions
We found 6 dictionaries that define the word sealed bid:

General (4 matching dictionaries)
  1. sealed bid: Longman Dictionary of Contemporary English
  2. sealed-bid: Wordnik
  3. sealed bid: Wiktionary
  4. sealed-bid: TheFreeDictionary.com

Business (2 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (sealed bid)

noun:  A cost estimate, or a proposal to buy something, the value of which is kept secret from competitors until all such bids have been made.

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