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English definition of “bid”

bid

noun [C]     /bɪd/
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.
(Definition of bid noun from the Cambridge Business English Dictionary © Cambridge University Press)
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