BID FOR Meaning and
Definition
-
The phrase "bid for" refers to the act of making an offer or proposal during a competitive process, most commonly associated with auctions or similar circumstances. It involves submitting a formal or informal offer to acquire or obtain something, such as a product, service, or project.
In business settings, a "bid for" often involves vying for a contract or project by presenting a competitive and enticing proposition to potential clients or buyers. It typically requires a thorough understanding of the requirements and expectations of the prospective party. Bidding for contracts or projects typically involves offering a specific price, timeline, and deliverables, as well as addressing any potential concerns or risks.
"Bid for" is also extensively used in auctions, where individuals or organizations make an attempt to purchase an item or property by offering a certain amount of money. Participants in an auction often engage in a bidding process, where they increase the price successively until a final bid is accepted and deemed as the highest offer.
In general, "bid for" signifies an active effort to acquire or secure something through a competitive process. It encompasses the act of presenting a formal or informal proposal, offer, or price in order to secure a desired outcome, whether it be a contract, project, property, or any other sought-after item.
Common Misspellings for BID FOR
Etymology of BID FOR
The word "bid" originated from the Old English word "biddan", which meant "to ask, or to pray". Over time, the meaning of "bid" evolved to include placing an offer, particularly in an auction or competitive context. The phrase "bid for" can be seen as the combination of "bid" and "for", where "for" denotes the purpose or direction of the bid. It signifies making an offer or competing for something in a specific context or situation.
Idioms with the word BID FOR
-
bid for
To make an offer or attempt to acquire something through a competitive process, typically by specifying a price or terms of purchase.
Similar spelling words for BID FOR
- bad,
- diver,
- bit,
- bids,
- briefer,
- bid,
- by far,
- bud,
- differ,
- defer,
- Bidden,
- badger,
- bird,
- bidder,
- bed,
- bitter.
Infographic
Add the infographic to your website:
