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In the two-envelope system of bidding,

1. Technical bid is opened first
2. Financial bid is opened first
3. Both technical and financial bids are opened together
4. Either the technical or financial bid can be opened first

Correct answer: Technical bid is opened first

Solution

In the two-envelope system, the technical bid is opened and evaluated first to ensure that only qualified bidders proceed. The financial bid of technically responsive bidders is opened later.

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