noun an offer to pay a certain amount of money for something
verb to offer a certain amount of money for something, especially at an auction
In the construction industry, a bid is a proposal submitted by a contractor to complete a construction project for a specific price.
In an auction, a bid is an offer made by a potential buyer to purchase an item or service at a specific price.
In the stock market, a bid is the highest price a buyer is willing to pay for a security at a given time.
In government contracting, a bid is a proposal submitted by a company to win a contract for providing goods or services to a government agency.
In the context of freelance writing, a writer may bid on projects on various platforms to secure work. They may submit proposals with their rates and timelines for completing the work.
Psychologists may use bidding in the context of research grants or contracts. They may submit bids to conduct research studies or provide services to organizations or institutions.
Graphic designers may bid on projects from clients looking for design work. They may submit proposals outlining their design concepts, pricing, and timelines for completing the project.
Construction contractors often bid on projects to build or renovate structures. They submit bids outlining their cost estimates, project timelines, and proposed construction plans.
Freelancers in various fields such as web development, marketing, or consulting may bid on projects posted on freelancing platforms. They compete with other freelancers by submitting proposals with their rates and expertise.