What is the difference between a bid and proposal?
Bids, formally known as Competitively Sealed Bids (CSB), refer to a contracting method in which sealed bids are publicly solicited and opened and a contract is awarded to the lowest responsive, responsible bidder. Proposals, formally known as Competitively Sealed Proposals (CSP), refer to a contracting method in which a solicitation is made through a Request for Proposal (RFP), and between receipt of proposals and award, discussions with vendors may take place, which may result in price changes.
