bid
verb
uk/bɪd/ uspast tense and past participle bid [ I or T ] COMMERCE, FINANCE
to compete to buy something by offering a particular amount of money for it:
We have a keen interest in the property, although we have not made any definite decision to bid.
bid for sth Potential buyers must register and bid for items online before the cutoff dates.
bid sth for sth The previously unknown company bid $9.3 billion for the oil fields.
[ I ]
to compete for work by offering to do it for a particular price:
bid for sth Taylor-Stanley yesterday confirmed it had bid for the contract.
bid on sth Follow these steps to bid successfully on a government contract.
[ I ]
to compete to be chosen to do something:
The city is bidding to host the 2020 Olympic Games.
Phrasal verb
bid sth up
bid
noun [ C ]
uk/bɪd/ us COMMERCE, FINANCE
an offer to buy something for a particular price:
a bid of £50m
make a bid for sth It is believed the team are ready to make a bid for the player.
a failed/successful bid
an offer to do work for a particular price:
invite bids for sth/to do sth The state government is inviting bids to carry out maintenance work on all the state highways.
make/put in/submit a bid for/on sth It was the second time they had submitted a bid for the contract.
an attempt to achieve or get something:
bid for sth He lost his bid for re-election to the board.
The government has reduced the cost of borrowing in a bid to get the economy moving again.
See also
agreed bid
cabinet bid
cash bid
closed bid
conditional bid
counter-bid
friendly bid
hostile bid
open bid
opposed bid
paper bid
sealed bid
takeover bid
unconditional bid