open bidding; public tender
A procurement or auction process where bids are openly invited and evaluated, often used in government and corporate contexts.
The city put the construction of the new bridge out to open tender.
As a result of the open bidding, Company A won the contract.
入札 is a general term for bidding, while 公開入札 specifically means open or public bidding where the process is transparent.
一般競争入札 is a formal term for open competitive bidding, often used in legal or governmental contexts, whereas 公開入札 is a slightly broader term that can also refer to open auctions.
Compound of 公開 (public, open) and 入札 (bid, tender).