相見積
Meanings
1
competitive bidding; competitive estimates
Refers to the practice of obtaining multiple quotes or bids from different suppliers to compare prices and services. Often used in business and procurement contexts. The full form 相見積もり is also common.
See also: 相見積もり
When introducing the new system, we obtained competitive bids from three companies.
We will compare the competitive estimates and choose the vendor with the best terms.