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
D
non-competitive bids
Correct Answer: competitive bids
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.