This term corresponds to definition 2.
There are multiple definitions - click on the translation that matches your context.
an offer to buy something for a specific price, especially when other people or groups are competing against you to buy the same thing
Western Power submitted a sealed bid valuing Hyder at 365p per share.
an offer to do work or to provide a service for a specific price, usually in competition with other potential work or service providers who are also tendering bids bids for the work
If successful in its bid, Gloucester City Council plans a five-year programme of repairs and improvements.