What are the differences between open and closed bids for government contracts?

Government contracts are agreements between the government and a business or individual who will provide goods and services to the government. In North Carolina, open and closed bids are used to award government contracts. Open bids require businesses to submit a proposal to a public request for proposals. The government will evaluate the proposals and will usually make an award to the lowest cost bidder. In this type of bid, any business can submit a proposal and can compete for the contract. Closed bids are limited to specific businesses who have been invited to submit proposals. The government will limit the number of businesses who can compete, and the request for proposals is usually not made public. The government will usually make an award to the lowest cost bidder. Both open and closed bids require the bidder to provide information about the cost and timeline for completing the contract. However, open bids are open to any registered business, while closed bids are only available to invited businesses. Additionally, open bids will be made public, while closed bids are not.

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What are the differences between open and closed bids for government contracts?

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