What is a bid in real estate?

The term bid refers to an offer made by an individual or corporation to purchase an asset. Buyers commonly make bids at auctions and in various markets, such as the stock market. Bids may also be made by companies that compete for project contracts.

How do I get the right government bids?

Get the right government bids with custom bids, RFPs, and contracts delivered to you based on your business location, product or service profile. Stay up-to-date throughout the bidding process with alerts on your dashboard and in your email every time.

What are the different types of bids?

Bids can be made live, online, through brokers, or through a closed bidding process. Types of bids include auction bids, online bids, and sealed bids. Buyers and sellers keep the market going. Each participant facilitates the purchase and sale of assets. Sellers are entities that provide assets for purchase.

Who is a'responsible bidder'?

A "responsible bidder" is one who is qualified or capable of meeting the requirements set out by the government in its bid solicitation or RFP. Kate Manuel notes that the concept of responsibility on the part of a bidder "has been the federal government’s policy since its earliest days".