Definition
Refers to the entire procurement process where a buyer invites bids and suppliers submit offers, common in construction and government projects.
noun
the process of inviting and submitting bidsbiddingauction
Examples
- 招投标。Zhège xiàngmù zhèngzài gōngkāi zhāo tóu biāo.This project is currently undergoing open bidding.
- 招投标。Tāmen gōngsī zhòngbiāo le nàge zhāo tóu biāo.Their company won the bid for that tender.
- 招投标。zhāo tóu biāo guòchéng xūyào yángé bǎomì.The bidding process needs to be strictly confidential.
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