Bidders

Bidders are individuals or entities that participate in an auction or tendering process, submitting offers to purchase goods, services, or properties. They compete against each other, hoping to secure the item or contract by offering the most favorable terms, often the highest price. The success of a bid depends on various factors including the bidder's assessment of the item's value, their financial capacity, and their strategic understanding of the competitive landscape. Multiple bidders raise the price. A bidder must follow the rules of the bidding to be considered.

Bidders meaning with examples

• At the estate auction, the room buzzed with activity as numerous bidders, eager collectors and investors, competed fiercely for antique furniture and rare artwork. The auctioneer, with practiced precision, announced each bid. Experienced bidders employed strategic tactics, raising their hands and shouting to outmaneuver their rivals. The final item sold for far more than its initial estimated value, a testament to the enthusiastic competition among the bidders.
• Several construction companies submitted proposals to be the general contractor. These bidders included both established firms and startups, each presenting detailed plans and estimated project costs. The selection committee reviewed each bid, assessing the bidder's experience, resources, and the competitiveness of their pricing. The winning bidder would be awarded a significant project. The process ensured that bidders had to be very detailed and professional in their work.
• In the online auction, an unexpected surge of activity saw a few bidders vying for a vintage comic book. The price rapidly escalated as each bidder incrementally raised their offer. The digital bidding interface displayed the current high bid and the identities of the participating bidders. Finally, with seconds left, one bidder placed a final, higher bid. They then successfully secured the item. The successful bidder must now pay the final amount.
• During the land sale, the county advertised the property. Interested bidders had to submit sealed bids. The county opened the envelopes and revealed that some bidders were groups and other bidders were individuals. They then selected the best bidder, considering factors beyond the price alone, such as the proposed use of the land and its potential benefits. The selected bidder entered into a formal agreement with the county to purchase the land. bidders were judged on these factors.