Meaning of “bid costs” in the English Dictionary

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"bid costs" in Business English

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bid costsnoun [ plural ]

uk us ACCOUNTING, MONEY

the money paid to all the people involved when one company tries to buy another, for example, lawyers, accountants, and bankers:

The company announced losses of £18m rather than the expected £55m profit after having to change its accounting for bid costs.

(Definition of “bid costs” from the Cambridge Business English Dictionary © Cambridge University Press)