Q429
Type of bids which states complete description about quantity of bids and prices of bids is classified as
A.
markets bid
B.
bankers bid
C.
competitive bids
AnswerD.
non-competitive bids
Answer: Option C
Solution
Answer: Option C
Solution:
Type of bids which states complete description about quantity of bids and prices of bids is classified as competitive bids. Competitive bidding is a process of issuing a public bid with the intent that companies will put together their best proposal and compete for a specific project.