open bid
noun [ C ]
COMMERCE ukusan offer to supply goods or services at a particular price that is not kept secret, so that other companies can offer to supply the goods, etc. at a lower price if they want to :
Open bids for running water services are seen by companies as a way of increasing earnings and share price.
a price that someone offers to pay for something that is not kept secret:
The open bid of $1.5 million eclipsed our reserve of $1 million.
Compare
closed bid
sealed bid