Bidding is an offer

Offer

Offer may refer to:* Settlement offer, an offer to end a civil lawsuit out of court* Offers, a 2005 Dutch television film* Office of Electricity Regulation , a forerunner of the current Office of Gas and Electricity Markets in Great Britain...

 (often competitive) of setting a price one is willing to pay for something. A price offer is called a bid. The term may be used in context of auction

Auction

An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder...

s, stock exchange

Stock exchange

A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...

, card game

Card game

A card game is any game using playing cards as the primary device with which the game is played, be they traditional or game-specific. Countless card games exist, including families of related games...

s, or real estate transaction

Real estate transaction

A real estate transaction is the process whereby rights in a unit of property is transferred between two or more parties, e.g. in case of conveyance one party being the seller and the other being the buyer...

s.

Bidding up means raising a price for an item by a series of rising bids. It may be unlawful, if done by a group of persons with an interest in raising the price. In traditional auctions, bidding up is a natural course of events. Since 1990s, with the emergence of online auctions, reverse auction

Reverse auction

A reverse auction is a type of auction in which the roles of buyers and sellers are reversed. In an ordinary auction , buyers compete to obtain a good or service, and the price typically increases over time...

s gained popularity, in which the traditional roles of buyers and sellers are reversed, and the goal of bidding is to drive the price down, similar to bid shopping practice of selecting a contractor

General contractor

A general contractor is responsible for the day-to-day oversight of a construction site, management of vendors and trades, and communication of information to involved parties throughout the course of a building project.-Description:...

 to do a job.

Open Bidding

Open bidding is a type of bidding that allows bids from all parties desirous of bidding on a project.
Bidding is an environment in which decide the cost of the goals for a organization.

See also

• Bid price
  Bid price
  A bid price is the highest price that a buyer is willing to pay for a good. It is usually referred to simply as the "bid."In bid and ask, the bid price stands in contrast to the ask price or "offer", and the difference between the two is called the bid/ask spread.An unsolicited bid or purchase...
  
  
• Bidding fee scheme
  Bidding fee scheme
  A bidding fee auction, also called a penny auction, is a type of all-pay auction in which participants must pay a non-refundable fee to place a small incremental bid. When time expires, the last participant to have placed a bid wins the item and also pays the final bid price, which is purportedly...
  
  
• Construction bidding
  Construction bidding
  Construction bidding is the process of submitting a proposal to undertake, or manage the undertaking of a construction project. The process starts with a construction estimate from blueprints and take offs....
  
  
• Price war
  Price war
  Price war is a term used in economic sector to indicate a state of intense competitive rivalry accompanied by a multi-lateral series of price reduction. One competitor will lower its price, then others will lower their prices to match. If one of them reduces their price again, a new round of...
  
  
• Procurement
  Procurement
  Procurement is the acquisition of goods or services. It is favourable that the goods/services are appropriate and that they are procured at the best possible cost to meet the needs of the purchaser in terms of quality and quantity, time, and location...
  
  
• Tendering
• Unique bid auction
  Unique bid auction
  A unique bid auction is a type of strategy game related to traditional auctions where the winner is usually the individual with the lowest unique bid, although less commonly the auction rules may specify that the highest unique bid is the winner...