Sealed Bidding

Sealed bidding is a process used in procurement where multiple parties submit confidential bids to complete a project or provide goods/services. Each bidder prepares their offer privately and submits it in a sealed envelope, preventing others from knowing their proposal. All bids are opened at the same time during a scheduled event, ensuring a fair and competitive environment. The contract usually goes to the lowest or most suitable bid. This method promotes transparency, fairness, and helps organizations get the best value for their money without bias or undue influence.