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VocabJLPT N1

bid

NounSuru VerbIntransitive Verb

Definitions

1. bid
2. tender

This word refers to the process of submitting a bid, particularly in competitive tendering for public works or contracts. Companies submit sealed bids and the contract is typically awarded to the most competitive offer. It is a key term in business and government procurement processes.

Example sentences

Sentence 1

I think deciding on a bid based on price alone is risky.

Sentence 2

I'm probably stuck telling myself "I'll lose the bid again."

Sentence 3

Under the evening sky, I slumped my shoulders and muttered, "Lost the bid again."

Sentence 4

That said, keeping the bidding process fair is no easy task.

Sentence 5

Please note that this bid will be conducted through the e-procurement system.