Bidder

A bidder is an individual or entity that submits a bid, which is an offer to purchase goods, services, or property, usually at an auction or in a competitive tender process. Bidders typically compete against each other, with the highest (or sometimes lowest, depending on the context) bid winning the item or contract. The process involves evaluating the value and associated risks before determining a strategic offering price. Professional bidders often employ intricate strategies to maximize their probability of success and minimize financial risk.

Bidder meaning with examples

• At the charity auction, several bidders enthusiastically raised their paddles, vying for a rare vintage guitar. The excitement in the room grew with each subsequent bid, reflecting the passionate competition among potential buyers. Ultimately, one determined bidder won the prize with a final, generous offer, greatly supporting the charity.
• Construction companies submitted bids for the new city bridge project, and the committee evaluated each proposal based on cost, timeline, and experience. The winning bidder demonstrated the best balance of value and capability. The other bidders were notified. Construction began shortly thereafter.
• On eBay, online bidders participate in auctions. The bidding process is continuous and transparent. The current price and high bidder are displayed on the auction page. The final bidder at the auction closing time wins the item.
• Real estate agents worked to find a pool of bidders for the historic mansion. They facilitated showings and answered inquiries, and ultimately oversaw the bidding war. Several bids came in, and the seller ultimately chose the highest bid.