Simple English definitions for legal terms
Read a random definition: International Court of Justice
A bid is an offer to do a job or provide materials for a certain price. The person making the bid doesn't have any rights until the other person agrees to it. Sometimes people try to cheat by not making a bid themselves, but waiting for someone else to do it and then offering to do the job for less money. This is called "bid peddling." Another way people cheat is by pressuring others to make lower bids, which is called "bid shopping." Finally, if people work together to raise prices, that's called "bid rigging," which is against the law.
A bid is an offer to do a job or provide materials at a certain price. The person making the bid is called the offeror, and the person receiving the bid is called the offeree. The offeree can choose to accept or reject the bid.
These examples show how bids can be used unfairly. Bid peddling and bid shopping are both examples of unfair competition, while bid rigging is illegal. It is important for bids to be made fairly and honestly, so that everyone has a fair chance to get the job.