A bid processing system receives a project description and a baseline estimate for the project. The project is opened for bidding to multiple potential bidders. Each of the potential bidders have access to the project description and the baseline estimate for the project. The bid processing system receives multiple bids for the project and calculates a bid value associated with each of the multiple bids. The system then determines a best bid value from the plurality of received bids and awards the project to the bidder associated with the best bid value.
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