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Comparative law notes

This term corresponds to definition 2.

Definitions of bid

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.