bid


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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

noun advance, approach, estimate, licitatio, offer, offered price, overture, presentation, price, proffer, proposal, proposition, quotation, quoted price, submission, tender
Associated concepts: auction sale, bid bond, bid in, bid off, bidder, competitive bidding, proposal, upset bid, with reserve, without reserve
See also: appeal, application, assign, call, command, detail, dictate, direct, endeavor, enforce, enjoin, impose, insist, instruct, invitation, invoke, mandate, offer, order, overture, petition, pray, prescribe, proffer, propose, proposition, request, summon, summons, writ

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 Vend. 29; Babington on Auct. 30, 42; or the bid may be withdrawn by implication. 6 Penn.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.

References in periodicals archive ?
Already Lowest Unique Bid Response: You will get this response if the bid you have sent earlier is already Lowest Unique.
Some observers say a potential merger between Delta Air Lines and Northwest Airlines is a strong alternative to US Airways' bid for Delta because the two airlines have complementary route structures.
It is only when an auction results in a low bid, which is accepted by the local government buyer, and a purchase order is issued that any fees are charged.
STEP 2 - When you know what you'd like to bid, simply text
The LIC BID, which will be under contract to the Long Island City District Management Association to operate the BID, will provide services to the 84 properties that make up the BID footprint.
Once the BID bureaucracy is in place, it does what all bureaucracies do: It focuses on its own self-perpetuation and growth.
Note, incidentally, that the winning bid was not the last bid; the winning bid came in 10 seconds before the last bid but with a higher proxy bid.
Graham, the LAUSD's director of real estate, learned by mid-August that TEC was among the companies preparing a Belmont bid and was concerned Baize ``would have access to confidential information and LAUSD proprietary information located within the Real Estate Department that was not available to other bidders.
I once had a client send a bid to Aberdeen proving Ground worth about $10 million.
But bid whist is more than a vehicle for fund-raising or socializing.
In terms of the expected return from winning the auction, a high bid lowers the profit from victory and raises the probability of winning.
LLOG was apparent high bidder on all eleven bids submitted in the Sale.