Bystep guide to understanding the bidding process, along with tips on submitting a successful bid. BID formation steering committee members should consider the following properties and define how they will be included in the proposed BID's assessment formula:.Fill out the entire form. â–¡ Change from previous Data Form dated . The bid shall be submitted in a sealed envelope, addressed as required in the bid and submitted on or before the time and at the place designated in the bid.