bidrelated

Bidrelated is a term used to describe information, processes, and phenomena associated with bidding activities in auctions, procurement, and contracting. As an umbrella descriptor, it covers data elements, behavioral patterns, and procedural rules that pertain to bids.

In procurement, bid-related data typically includes bid price, submission time, bidder identity, bid status, and compliance with requirements, as well as bid guarantees and alternative bids. In auctions, bid-related activity includes bid placement, withdrawals, bid increments, and the complete bid history.

Applications of bid-related analysis include supplier evaluation, market competitiveness assessment, and risk management. Bid-related controls support process integrity, help detect potential collusion or bid-rigging, and provide audit trails and transparency.

The term is not universally standardized and is primarily used as a descriptive label in data models, reporting, and documentation. It may be subdivided into bid data, bid history, bid events, and bid evaluation scores.

Related concepts include bidding, procurement bid, and bid data. The term is most useful when organizing information around bidding events rather than describing a specific practice.