bid

n. an offer to purchase with a specific price stated. It includes offers during an auction in which people compete by raising the bid until there is no more bidding, or contractors offer to contract to build a project or sell goods or services at a given price, with usually the lowest bidder getting the job. (See: contract)

BID, contracts. A bid is an offer to pay a specified price for an article about to be sold at auction. The bidder has a right to withdraw his bid at any time before it is accepted, which acceptance is generally manifested by knocking down the hammer. 3 T. R. 148; Hardin's Rep. 181; Sugd. Vend. 29; Babington on Auct. 30, 42; or the bid may be withdrawn by implication. 6 Penn. St. R. 486; 8, Id. 408. Vide 0@ffer.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.

Mentioned in

References in periodicals archive

Plot 402, in Street 34 of Sector F-11/2, measuring 500 sq yd, received a bid of Rs120,000 per sq yd.

CDA auctions 25 plots for a billion rupees

Bid Package #20-Electrical/Voice & Data/Fire Alarm

Wildish Construction Co.: Cottage Theatre Act III Project

Upon evaluation of the financial bid and bid price tenders of both bidders, the SBAC 1 declares Smartmatic-TIM Corp.

Smartmatic has inside track

Markham, Ontario, Canada, January 30, 2014 --(PR.com)-- Bid-Winners is a management consulting firm that helps businesses both find and respond to public/private Bids, RFPs, and Tenders.

Bid-Winners.ca Introduces Online Training for Proposal Writing, Specifically for Responding to RFPs and Tenders

Already Lowest Unique Bid Response: You will get this response if the bid you have sent earlier is already Lowest Unique.

Djuice introduces reverse auction

The contract manager's initial task (Figure 1, Operating Reports) is to maintain a real-time database updated with all the latest bid information.

Reducing risk by leveraging information for a competitive advantage in bidding

Step 1: Think of an amount in pence that you want to bid - for example pounds 1.75 would be 175 pence.

WIN a pounds 3,000 diamond ring with Chapelle JEWELLERY the lowest unique bid; The Journal: Competition dalton par

Whoever holds the lowest unique bid when lines close wins.

WIN THIS PICK-UP; DIE HARD 4.0 FIRST BID FREE FOR EVERY READER THE LOWEST UNIQUE BID WINS NISSAN NAVARA DIE HARD 4.0 WORTH OVER pounds 22,000

US Senate lawmakers are to more closely examine potential airline mergers, including the hostile bid for Delta Air Lines by US Airways.

Company Watch - Delta Air Lines

A seller notifies buyers of the products or services available, and buyers compete against each other in Web-based, realtime auctions, driving up the demand and prices as they bid. (3)

E-sourcing: another tool for law enforcement?

STEP 1 Think of a bid in pence - for example pounds 1.75 would be 175 pence.

WIN AN ASTON OR pounds 60k CASH; IT'S YOUR LAST CHANCE