What is the meaning of bid opening in bidding?

The bid opening refers to the behavior of the tenderer to open the bid documents submitted by the bidder at the time and place specified in the bidding documents after the bidder submits the bid documents, and publicly announce the name of the bidder, bid price and other main contents.

It shall be conducted in public according to the time, place and procedures specified in the tender documents. The bid opening time and bidding deadline should be the same. The content of singing standards should be complete and clear. Only price concessions are legal and effective. The personnel who sing and record the bid shall not miss, sing or record the bid.

Extended data:

Bidding:

Bidding is a comprehensive economic responsibility system to promote competition in the field of capital construction. Generally, a number of construction units participate in project bidding, and the tendering units (construction units) are selected on the best basis. Whoever has short construction period, low cost, high quality and good reputation will be awarded the engineering task, and the contractor will sign a contract with the contracting unit to organize the construction in a turnkey manner.

The basic principles of bidding are: openness, fairness, impartiality, honesty and credibility.