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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 Vend. 29; Babington on Auct. 30, 42; or the bid may be withdrawn by implication. 6 Penn.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 ?
Andrews in 1999 bids fair to change the accepted narrative of the years leading up to the first Wars of Religion, though limitations of space limit me to summarizing some of the more persuasive contributions.
If the show continues to draw interested users at the level of this recent show, it bids fair to be one of those few conferences that can pin "Success" on its lapel.
The Texas case has a long history, and it bids fair to become longer.
THIS IS KATHRYN ABDUL-BAKI'S second novel, and, after Tower of Dreams (1995), it bids fair to establish her as an Arab-American fiction writer worthy of wide recognition.
bids fair to give literary hermeticism a bad name." To counter such hermeticism, Nelson presents the work as a drama dominated by the "literary fact that all of these characters are both wrong and right at various times." This approach diverges from Michael Berube's influential 1992 study, which argues that however many voices speak up in the course of the work, the poem is finally a conflict between two characters who represent different facets of artistic making: the poet who seeks popularity ("Hideho Heights") and the critic who affirms an avant-ga rde that shuns popularity (The Curator).
THE ABILITY TO READ the written or printed word, still astonishingly far from universal even within the most affluent of developed societies at the dawn of the third millennium, bids fair to remain an ever-more vital skill as word-based electronic technology invades so many areas of everyday life on our crowded planet.
The entire project bids fair to become one of the most important interpretations of the experience of Greek democracy in several generations.