No Bid

Definition:

A response to an Invitation for Bids stating that the respondent does not wish to submit a bid. It usually operates as a procedural device to prevent removal from the bidders for failure to submit bids.

Related terms:

Present value

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»	Proven Ways To Dramatically Increase Your Conversion Rate
»	Does Your Shopping Cart Have a Squeaky Wheel?
»	The Art of Profit Prevention
»	Developing Your Business Plan

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Term: Purchasing -> No Bid