What is the meaning of close bid pricing in business?

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What is the meaning of close bid pricing in business?

It has something to do with marketing, I think.

2006-10-17 07:49:21 · 2 answers · asked by juballistics 1 in Business & Finance ➔ Advertising & Marketing ➔ Other - Advertising & Marketing

2 answers

You would not know other bidders quotes............

The closest to all area's i.e. Price, Performance, Staffing will get the contract

Best price does not always necessary win, a good price does not guarantee a good job.

2006-10-17 08:43:58 · answer #1 · answered by xXx Orange Breezer xXx 5 · 0⤊ 0⤋

Closed bidding is like an auction except the bids are closed and the best bid wins the contract, say if it were a bid for a council contract the lowest bidder would win so they would have to get as close to the profit prediction as possible!

2006-10-17 07:59:07 · answer #2 · answered by john g 2 · 0⤊ 0⤋