Definition of 'bewildering'. bewildering (bÉªwÉªldÉrÉªÅ ) A bewildering thing or situation is very confusing and difficult to understand or to make a decision about. A glance along his bookshelves reveals a bewildering array of interests.
Sealed-Bid Auction. What is a 'Sealed-Bid Auction'. A sealed-bid auction is a type of auction process in which all bidders simultaneously submit sealed bids to the auctioneer, so that no bidder knows how much the other auction participants have bid. The highest bidder is usually declared the winner of the bidding process.
Here are two of the most basic procurement methods: sealed bids and proposals. Sealed Government Bids. Sealed bids are typically used to procure high-cost items with easily definable characteristics. In these cases, agencies are looking for the lowest price. An Invitation for Bids (IFB) is advertised.