bid 1 /'bid/ vb bid, bid·ding
vt: to offer (a price) for payment or acceptance
vi: to make a bid: state what one will pay or take in payment
a contractor bidding for a job
bid·der n
bid 2 n
1: the act of one who bids
2 a: a statement of what one will pay for something
b: a statement of what one (as a contractor) will charge for something (as supplies or labor)
3: an opportunity to bid
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.