Type of bidding in which bids are met before allocation of...

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Type of bidding in which bids are met before allocation of competitive bidders is considered as

A. firstly basis

B. preferential basis

C. federal basis

D. last basis

Answer: Option B

Solution (By Examveda Team)

Type of bidding in which bids are met before allocation of competitive bidders is considered as preferential basis. Bidding is an offer to set a price by an individual or business for a product or service or a demand that something be done.

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