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CEFR C2 — Proficiency

Bid

Definition

(formal) An offer to pay a certain amount of money for something, especially at an auction; a formal proposal or application for a project, contract, or position. Often used in business, finance, and formal negotiations.

Example Sentences

1The company made a bid of $10 million for the construction contract, but ultimately lost to a rival firm.
2At the charity auction, the highest bid for the artwork was $50,000.
3The city council received several bids for the redevelopment project, but only one proposal met all the necessary criteria.
4To bid on a government contract, your company must first register with the relevant agency and obtain the necessary certifications.
5In a surprise move, the tech giant bid aggressively for the rights to develop the new social media platform.

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