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When sourcing Project proposals using New Projex Select, buyers (or Clients) have the ability to specify whether they would like to run a sealed bid or open bid RFP process. Using a sealed bid process, Members submit a project quotation along with their proposal with no details of proposal quotation available to other bidders during the RFP process. Using an open bid process, invited Members are provided with a list of bid quotations that other Members have submitted throughout the bidding process, allowing bidders to see competing quotations and potentially adjust their quotation and proposal to match or under-bid their counterparts in a reverse auction-type process.  Although open-bid RFPs may allow Clients to obtain lower cost proposals, this process may also discourage certain Members from participating in what they perceive as a price-based project competition.