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If you bid for something that is being sold, you offer to pay a particular amount of money for it. When bid has this meaning, its past tense and past participle is bid.
Business to offer (a certain sum) as the price one will charge or pay: [~ + object (+ for + object)] They bid $25,000 (for the job) and got the contract. [no object; (~ + for + object)] I can't bid (for that vase); I don't have enough money.
A bid is an offer to buy something for a specified sum of money. It can also mean a proposal to complete an amount of work or service in return for payment. People make bids at auctions, when competing for contracts, making offers for shares, or seeking to acquire companies.
If you bid for something that is being sold, you offer to pay a particular amount of money for it. When bid has this meaning, its past tense and past participle is bid.