Definitions of bid price
the highest price that a potential buyer is willing to pay for something, such as a share or an asset
The company's low share value no longer complies with stock exchange rules requiring a minimum bid price above $1 a share.
the value of an offer to buy something for a specific price or to charge a specific price for a service, especially when other people or groups are competing against you to buy the same thing or to offer the same service
The project was awarded to Rieth-Riley Construction Co. for an original bid price of $10.9 million.