Bids

The plural of 'bid', meaning an offer to do something, especially to buy something at a specific price or to perform a service. It can also refer to an attempt to achieve something or a command or invitation. bids are common in auctions, contract negotiations, and requests for proposals (RFPs), representing a commitment from one party to another. In the business world, bids are a crucial part of transactions and service offerings. It reflects a proposed transaction. bids are carefully considered proposals that specify terms, conditions, and pricing.

Bids meaning with examples

• At the art auction, enthusiastic bidders raised their paddles, making increasingly higher bids for the Monet painting. The excitement filled the room as the price escalated rapidly, showcasing the painting's value. Ultimately the art went to the highest bidder after a heated battle, illustrating the competitive nature of auctions.
• Several companies submitted bids for the construction of the new bridge. Each one included detailed proposals and price breakdowns. The city council carefully reviewed the bids, weighing factors such as cost, experience, and proposed timeline to select the winning contractor and initiate the infrastructure project.
• The company's attempt to acquire its rival was thwarted when the rival company rejected the bid, deeming it too low. This strategic maneuver showed the significance of value and how a bid is subject to negotiations, as the company tried to navigate this process to acquire its competition.
• He made a final bid to win her back after their argument and offered to change his behavior. The romantic gesture showcased his commitment, and the emotional weight of his effort was made clear by the gesture. After a while she gave in, and they went back to being a couple.
• The game of bridge often involves partners who make their bids to take the appropriate number of tricks to fulfill their contract. Each player carefully considers their hand before making their bid, which determines the playing strategy and risk. A missed bid could cost a team.