His wife put in the highest of three sealed bids for the piece of land.

ECONOMIST: Nothing is forgiven; a prison cell awaits

Better, he says, to insist on sealed bids which cannot be revised, so that bids reflect more accurately what the contract is worth to would-be buyers.

ECONOMIST: Mergers

Phone bids, as well as sealed bids, will be accepted.

FORBES: Magazine Article

If this were a road being repaved or a school being built, the legislature would vote on whether to spend the money and the public would witness the awarding of contracts via sealed bids.

FORBES: Seed money