Sealed Bids vs. Competitive Proposals

Sealed Bids vs. Competitive Proposals

Introduction

It has been observed that every country or city has different ways of purchasing power, which perplexes the life for vendors. Nevertheless, most of the local governments design their rules and regulations, procedures after federal government. The review of federal procurement procedure should add knowledge to enhance the development. The government of United States uses certain methods to deal with purchasing state. There are two most prominent procurement methods, which includes sealed bids and competitive proposals.

Discussion Analysis on Sealed Bids vs. Competitive Proposals

Sealed Bids

Sealed bids are generally used to procure high-cost items ...