bid

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Related to bidding for: bidding documents

bid

1. Commerce
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
2. Bridge
a. the number of tricks a player undertakes to make
b. a player's turn to make a bid

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.

bid

[bid]
(engineering)
An estimate of costs for specified construction, equipment, or services proposed to a customer company by one or more supplier or contractor companies.

bid

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.
References in periodicals archive ?
6 trillion global construction industry, today announced the commercial launch of its first Cephren MarketNet(TM) service, online bidding for materials and services.
He gave the three would-be acquirers the option of bidding for the 15-restaurant chain with either cash or noncash assets, such as promissory notes (which would be valued by the judge prior to the auction) or a mixture of the two.