Type of bidding in which bids are met before allocation of competitive bidders is considered as
A
firstly basis
B
preferential basis
C
federal basis
D
last basis
Correct Answer: preferential basis
Type of bidding in which bids are met before allocation of competitive bidders is considered as preferential basis. Bidding is an offer to set a price by an individual or business for a product or service or a demand that something be done.