Bid: meaning, definitions and examples

It can also be used in the context of attempting to win a contract or job by proposing a cost or value to complete the work.

• Our company put in a bid for the new construction project.
• She hopes to win the government's bid for the software development contract.

This term is generally used when someone proposes a price that they are willing to pay or accept for a certain good, service, or to do something.

• They made an offer on the house.
• The company offered him a job.

Used when suggesting a plan or an idea for approval or consideration, often seen in business, academic, or project contexts.

• She presented her proposal for the new marketing strategy.
• The project proposal was accepted by the committee.

This word is used to refer to the amount of money expected or required for a product or service.

• What's the price of this car?
• The price of the concert tickets was too high.

Used in situations involving competitive offers, often seen in auctions or business contexts where multiple parties want to secure a deal or contract.

• John placed a bid of $1000 on the antique vase at the auction
• The company submitted a bid to win the construction contract

Used when presenting something as available or giving someone the chance to accept or decline. Often used in retail, negotiations, or suggestions.

• She made an offer to sell her car for $5000
• The store is having a special offer on shoes this weekend

Used when presenting something (like documents, applications, or proposals) for consideration, often to a higher authority or official body.

• The student will submit his application to the university
• Employees need to submit their reports by the end of the week

Used when putting forward an idea, suggestion, or plan for consideration by others. Often seen in formal, business, or decision-making contexts.

• The manager proposes a new strategy to increase sales
• I propose we have the meeting on Friday instead of Thursday