What is an unpriced bid?

An unpriced bid refers to a proposal submitted in a bidding process that does not include a specific price or cost estimate. This type of bid may be used when the bidder seeks to express interest or qualification without committing to a particular price point, often allowing for further negotiations or clarification. Unpriced bids are common in scenariOS where the scope of work is not fully defined or when pricing is contingent on additional factors.