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
What Happens When Data Drives the Business?
Construction has long been seen as a low-margin industry. But what if the real problem isn’t the margins—it’s how decisions get made? In episode 17 of The Power of Construction, we sit down with Indra Gutiérrez, President of Gutier, who’s transforming what’s possible when data drives business decisions. Starting with zero capital, she’s built a […]
Vet Contractors with Confidence: A Guide to Smart Bidder Selection
Selecting the right bidder is one of the most consequential decisions a construction team makes — yet it often happens under tight deadlines, with limited visibility into the long-term implications. While lowest-cost selection remains a standard practice across much of the industry, particularly in public and hard-bid environments, it rarely guarantees the best outcome. Leading […]
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, […]
How can we improve this glossary entry?
By clicking this button, you agree to our Privacy Notice and Terms of Service.