Froogle | Glossary

1. an offer (by an intending purchaser) to buy goods/services at a stated price.

2. an offer by an intending seller to sell goods/services for a stated price.

3. in the context of financial derivatives, a bid price is the amount of money that a would-be option-buyer is offering to pay [in order to receive the option].

Building contractors usually solicit bids based on building specifications (from several subcontractors) in order to complete a project. Government agencies are often required by law to construct highways/buildings (and to buy goods/services) – through competitive bidding solicited by a public advertisement – with the lowest competent bid winning the contract

compare ask price.

user comments

thank you, come again!
Froogle 1.1.1.7

BID

You Might Also Like