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

Open bids and closed bids are two different types of bids used for government contracts. In an open bid, any contractor can submit a bid for a specific project, and the contract is awarded to the lowest bidder. With a closed bid, the government agency sets a specific qualification for contractors and only pre-qualified contractors can submit bids for a specific project. In an open bid, it is important for a contractor to thoroughly research the project and submit a competitive bid. This means researching competitors’ bids, the market, project requirements, and the history of the contract. This helps contractors maximize their chances of winning the contract. In a closed bid, the government agency sets qualifying criteria and limits the number of contractors that can bid. As a result, the bids are usually of higher quality because they’re coming from more experienced contractors. It also reduces the competition and makes it easier to evaluate the bids. In Washington, open and closed bids are governed by the Washington Administrative Code and the State of Washington Procurement Manual. These documents specify the rules and regulations governing government contract bidding. In conclusion, open bids allow any contractor to submit a bid, while closed bids limit the competition to pre-qualified contractors. Both bid types are regulated by the Washington Administrative Code and the State of Washington Procurement Manual.

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