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English definition of “bid”

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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.
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
(Definition of bid noun from the Cambridge Business English Dictionary © Cambridge University Press)
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