"Sealed bids" refers to a process where offers or proposals are submitted to buy or sell something in a closed or confidential manner. The bids are placed in sealed envelopes to maintain privacy until they are opened and evaluated later.
Sentences with «sealed bids»
201 participants entered a baseline sealed bid auction of lettuces with no information available. (sciencedaily.com)
The fifty posters have been printed as an Edition of One and will be sold through a process of sealed bids on nifty50.sociodesign.co.uk, all to raise funds for the Countess Mountbatten Hospice Charity. (creativeboom.com)
Nashua, handsome Belair Stud 3 - year - old whose racing fate was left in doubt after death of Owner William Woodward Jr., went to Leslie Combs II (leader of 5 - man syndicate) of Kentucky's Spendthrift Farm for $ 1,251,200 — largest price ever for Thoroughbred — in sealed bidding in New York. (si.com)