Focus on the pronunciation of closed bid
English definition of “closed bid”
› [U] (also closed bidding) a system of choosing the best offer to supply goods or services by asking companies to offer their best price without knowing what the other companies are offering: The supplier was chosen by closed bid. a closed bid auction → Compare open bid, sealed bid
› [C] an offer to supply goods or services that is kept secret until all offers have been received: The land is going to be sold by submitting closed bids.