The phrase "bid opening" refers to the process of publicly revealing and reviewing the offers or proposals that have been submitted by different companies or individuals for a specific project or business opportunity. Full definition
The time frame from bid opening to acceptance on those was pretty universal at 2 weeks. (biggerpockets.com)
The 1962 Corvette took center stage at the Kissimmee auction Friday evening and bidding opened at $ 100,000 with quick successive bids that pushed it over $ 200,000 in less than a minute. (corvetteblogger.com)
When bidding opened Friday afternoon at Sotheby's, specialist Bernie Lagrange came in with a quick $ 1.2 million bid before being overwhelmed by colleagues Clarissa Vallet, Yuki Terase, and David Rothschild, who got things to cool for a sec with a $ 1.6 million bid. (artnews.com)