Interpretation of bid opening

bid opening is an important link in bidding activities, which has important legal and practical significance. Specifically, this is a process in which after the bidders submit their bid documents, the tenderee or tendering agency will publicly open the bid documents submitted by all bidders according to the time and place specified in the tender documents and tender announcement, and publicly announce the names of bidders, bid prices and other important contents.

in order to ensure fairness and justice, the bid opening process needs to follow certain regulations: the bid opening is presided over by the tenderer and all bidders are invited to participate; When opening bids, the bidder or its elected representative shall check the sealing of the bid documents to confirm whether there are any omissions or errors.

all bid documents received before the deadline for submission of bid documents required by the tender documents shall be opened and read out in public when opening bids. The bid opening process shall be recorded and filed for future reference. In addition, Article 44 of the Regulations for the Implementation of the Bidding Law of the People's Republic of China stipulates that if there are less than three bidders, the bid opening shall not be allowed, and the tenderer shall invite bids again.

generally speaking, bid opening aims to ensure the openness and transparency of bidding activities, improve the efficiency of resource allocation, and is an important means to ensure the fairness of bidding activities.