Definition, Meaning & Synonyms
rebid
verb
/ˈriːbɪd/
Definition
To bid again, especially in a competitive situation.
Examples
- After the initial bid was rejected, the contractor decided to rebid for the project with a more competitive price.
- The city announced they would rebid the contract to ensure better transparency in the selection process.
Meaning
When a bid is submitted for a contract or project and then re-offered based on revised terms or conditions.
Synonyms
- reoffer
- reauction
- resubmit
