Sealed bid
A confidential offer submitted by a contractor to undertake a project, or a bidding process in which all bids are kept sealed until a designated opening date to ensure a fair and competitive selection process.
A sealed bid is a confidential offer submitted to undertake a project, opened only after the submission deadline. This process ensures fairness and competitiveness, as bidders cannot see each other's proposals before selection.
Used in a sentence
The sealed bid process ensures fairness and transparency in selecting the project's contractor.
Stay updated on what’s happening in construction.
Subscribe to Blueprint, Procore’s free construction newsletter, to get content from industry experts delivered straight to your inbox.
Learn MoreLearn more about Sealed bid
The Construction Bid Interview & Follow-up: Closing the Deal
During construction project bidding, the interview is often the last part of the request for proposal (RFP) process and one of the most influential. For teams that advance to the shortlist, the interview is the final opportunity to make a strong impression — and an important step in turning a pursuit into a project. This […]
Construction Business Development: Tracking and Winning the Right Opportunities
Construction business development isn’t just a response to deadlines: It’s a long-term strategy rooted in focus, visibility and timing. Delays, funding gaps and market pressure have made it harder to predict which pursuits will move forward and which will disappear after award. At the same time, clients expect more from their GC partners: earlier involvement, […]
Qualifications-Based Selection: Prioritizing Expertise over Initial Cost
For large or complex construction projects, owners and public agencies often use qualifications-based selection (QBS) to prioritize experience and capability over merely selecting the lowest bid. QBS involves owners choosing architectural and construction firms that are most qualified for the work based on their relevant experience, track record of success and proposed approach to the […]
Understanding Subcontractor Bid Packages in Construction
Construction bid packages can have a cascading impact on the success of a construction project. The quality of a bid project may affect the quality of the bids, which in turn can impact the project budget and the final outcomes of the work. This article will discuss the importance of bid packages in the contractor-subcontractor […]
How can we improve this glossary entry?
By clicking this button, you agree to our Privacy Notice and Terms of Service.