If you used sealed bidding as your method of acquisition once bids are received on the specified date they are publicly opened and read aloud to the persons present. You will then?

evaluate the bids based on predetermined criteria, such as price, compliance with specifications, and overall qualifications. After analysis, you will select the most advantageous bid for the project, ensuring it aligns with the budget and requirements. Finally, you will notify the successful bidder and initiate contract negotiations, while also informing unsuccessful bidders of the outcome.