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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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

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 Vend. 29; Babington on Auct. 30, 42; or the bid may be withdrawn by implication. 6 Penn.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.
References in periodicals archive ?
Bids, which do not respond fully to the bidding requirements, may be rejected as non-responsive.
AlBahie has advised those interested in bidding on works from the sale to register ahead of time for the auction by e-mail to or calling 44080534/44080535.
The purchase of 23,000 OMRs was one option being considered by the Comelec should the bidding for the repair of its 81,000 precinct count optical scan machines succeed.
Penny Bid Index has revolutionized online bidding by including the latest products, while creating interactive, multimedia entertainment content.
Competitive bidding is an integral part of many businesses generating substantial revenues.
We send you free texts throughout the Reverse Auction updating you on the status of your text bids Step 3: The bidding stops at MIDDAY on SATURDAY, MARCH 1 2008.
For example to bid pounds 1.75, text: DM 175 Mr R Gleave 21 E145AP Or visit diehard4and complete the bidding form, or call 0904 160 0200 (1517 303 105 RoI) We send you free texts/emails throughout the auction updating you on the status of your text/web bids.
Should the competitive bidding process fail, Italy may also use a public offer or share swaps to cede its Alitalia stake, the Treasury said.
Then, he must decide when and where the bidding process will occur and publish a notice of the event in a local newspaper.
Go to and complete the bidding form, OR Text SM followed by a space, amount in pence, your name, house number and postcode, and send to 88821.