Type of bids which states complete description about quantity of bids...

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Type of bids which states complete description about quantity of bids and prices of bids is classified as

A. markets bid

B. bankers bid

C. competitive bids

D. non-competitive bids

Answer: Option C

Solution (By Examveda Team)

Type of bids which states complete description about quantity of bids and prices of bids is classified as competitive bids. Competitive bidding is a process of issuing a public bid with the intent that companies will put together their best proposal and compete for a specific project.

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