bids (B1)
noun
Pronunciation: /bɪdz/
Definition
An offer to pay a particular amount of money for something, especially at an auction or when competing for a contract.
Examples
The highest bid for the painting was $1 million.
Several companies submitted bids for the construction project.
He placed a bid of $50 for the used car.
How to Use bids
- make a bid for (collocation)
- To try to get something, especially a contract, a role, or political office. — "The company decided to make a bid for the lucrative government contract."
- submit a bid (collocation)
- To formally offer an amount of money for something. — "We need to submit our bid by the end of the week."
- highest bid (collocation)
- The largest amount of money offered for something. — "The auctioneer announced the highest bid for the antique clock."
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