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Bidder�s Short List
A reduced list of potential buyers who have passed initial screening and are allowed to proceed to the next phase of due diligence.
Implications
A list of the most qualified or favorable bidders in a procurement process, often used in competitive bidding to narrow down candidates before the final selection.
Example
Example: A government agency creates a bidder�s short list after evaluating all the proposals for a large infrastructure project, inviting only the top candidates to submit detailed bids.
Related Terms
Different from the long list, which includes all potential bidders, the short list is a narrowed selection based on predefined criteria.
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