Concept information
Preferred term
competitive bidding
Definition
- Competitive bidding is a method for determining, by comparing rival offers, the price at which a good is sold. The need to win business against rivals forces participants to disclose their lowest acceptable price. [Source: Encyclopedia of Health Care Management; Competitive Bidding]
Broader concept
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-VQ2DW1RW-D
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