› COMMERCE, FINANCE an offer to buy something for a particular price: a bid of £50mmake 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