What is meant by bidding? Explain the bidding life cycle process in detail. 

Bidding is a competitive process in which businesses, contractors, or suppliers submit proposals to compete for a project, contract, or purchase order. The process involves gathering bids from several interested parties and reviewing them to determine the best candidate for the job. Bidding is commonly used in procurement, construction, and government contracts, among other industries.

The bidding life cycle process can be divided into the following stages:

1. Planning stage: In this stage, the buyer identifies the need for a product or service and creates a project plan that outlines the scope of work, timeline, and ___ __________ ____ __________ _____ _________ ________ __________ ___ _________.
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