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LSDefine

Simple English definitions for legal terms

sealed bid

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A quick definition of sealed bid:

A sealed bid is when someone writes down how much they are willing to pay for something and puts it in an envelope. The bids are not opened until everyone has submitted their offer. This is often used in auctions or when companies are looking for someone to do a job for them. It helps to keep the bidding fair and private.

A more thorough explanation:

A sealed bid is a type of bid where the bidder submits their offer in a sealed envelope or container. The bids are not disclosed until all submitted bids are opened and considered simultaneously. This type of bid is commonly used in auctions or when a company is looking for a contractor to perform work or supply goods.

  • At an auction, bidders may submit sealed bids for a piece of artwork. The highest bidder will win the auction.
  • A company may request sealed bids from contractors for a construction project. The company will review all the bids and select the contractor with the best offer.

These examples illustrate how sealed bids work. Bidders submit their offers in a sealed envelope or container, and the bids are not disclosed until all bids are opened and considered simultaneously. This ensures that all bidders have an equal chance of winning the auction or contract.

sealed and delivered | sealed-container rule

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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