bid(redirected from b.i.d.)
Also found in: Dictionary, Thesaurus, Medical, Legal, Financial.
a. a statement by a buyer, in response to an offer by a seller, of the more favourable terms that would be acceptable
b. the price or other terms so stated
a. the number of tricks a player undertakes to make
b. a player's turn to make a bid
A complete and properly signed proposal to do all or part of the work for the sum stipulated in the bid; supported by data called for by the bidding requirements.
An estimate of costs for specified construction, equipment, or services proposed to a customer company by one or more supplier or contractor companies.
1. An offer to perform the work described in a contract at a specified cost.
2. A complete and properly signed proposal to do the work, 1 or designated portion thereof for the sums stipulated therein, supported by data called for by the bidding requirements.