bid amount

USAGE SUMMARY

The phrase "bid amount" is grammatically correct and commonly used in written English.
It typically refers to the monetary value offered by a bidder in an auction or bidding process. Example: The winning bid amount for the rare painting was $1 million.

✓ Grammatically correct

News & Media

Science

Wiki

Human-verified examples from authoritative sources

Exact Expressions

55 human-written examples

The final bid amount: $66.6 million.

The Washington Post

These "donations" usually range between 10percentand20percentcent of the bid amount.

The Washington Post

Fees are taken out of the sale price, so the bid amount is what the bidder pays.

The New York Times

"Unfortunately, with respect to the current projects," a Rhythm and Hues filing noted, the company "will be unable to complete them at the bid amount, and therefore needs additional funding to pay the costs".

The New York Times

Swisscom; Team 3G, a group led by Telefonica of Spain; and dSpeed, a pair of companies controlled by Tele Danmark, will pay the minimum bid amount, and Orange Communications will pay slightly more.

The New York Times

Important factors influencing WTP include the bid amount to construct communal deep tubewell for As safe water supply, the risk zone where respondents live, household income, water consumption, awareness of water source contamination, whether household members are affected by As contamination, and whether they already take mitigation measures.

Journal of Environmental Management

Human-verified similar examples from authoritative sources

Similar Expressions

5 human-written examples

In particular, the level of candidate bid amounts has a positive effect on actual bid amounts, whereas it has a negative impact on the likelihood that a consumer will actually submit a bid.

Journal of Retailing

The stated WTP amounts were found to vary significantly with respondents' educational level, household income, knowledge, and the bid amounts.

Landscape and Urban Planning

We propose and find support for two distinct pathways driving this phenomenon – the candidate bid amounts (1) influence bidders' valuations of the offered product and (2) shape bidders' beliefs about what bid amounts will be successful.

Journal of Retailing

Seven of the eight plants at the auction, conducted at the Rio De Janeiro stock exchange, went for their minimum bid amounts.

The New York Times

Second, the integration of the cumulative distribution functions that are generated by the Monte Carlo simulation with a regression model yields bid amounts that correspond to various confidence levels.

Automation in Construction

Expert writing Tips

Best practice

In legal or contractual documents, ensure the "bid amount" is clearly defined and corresponds to all relevant financial figures throughout the document.

Common error

Avoid using "bid amount" interchangeably with "budget" or "estimate". A bid is a specific offer, while a budget is a plan, and an estimate is a prediction of costs.

Linguistic Context

The phrase "bid amount" functions primarily as a noun phrase. It identifies a specific quantity related to a bidding process. Ludwig confirms its grammatical correctness and common usage, clarifying that it represents a monetary value offered in a bidding scenario.

Expression frequency: Very common

Frequent in

News & Media

38%

Science

36%

Wiki

20%

Less common in

Formal & Business

4%

Academia

2%

Encyclopedias

0%

Ludwig's WRAP-UP

In summary, "bid amount" is a grammatically sound and very common noun phrase used to denote the monetary value offered in a bidding process. As Ludwig AI confirms, it is widely used in diverse contexts such as News & Media, Science, and Wiki sources. When using the phrase, ensure it is clearly defined and not confused with related terms like "budget" or "estimate". Alternatives like "offer price" and "tender value" can be used depending on the specific context.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

offer price

Focuses on the price offered, without explicitly mentioning the bidding process.

quoted price

Emphasizes the price that was quoted, often in a formal setting.

tender value

Commonly used in formal bidding processes, particularly in construction or government contracts.

auction price

Specifically related to prices in an auction context.

purchase price

Highlights the price at which something is bought.

sale price

Broader term referring to the price at which something is sold.

asking price

The price initially requested by the seller.

agreed price

The price that has been mutually accepted by buyer and seller.

estimated cost

Focuses on cost estimation rather than a formal bid.

total expenditure

Refers to the overall spending, which may include more than just the bid.

FAQs

What does "bid amount" mean?

The "bid amount" refers to the specific monetary value offered by a bidder in an auction or competitive bidding process. It's the price the bidder is willing to pay.

How do I use "bid amount" in a sentence?

You can use "bid amount" in a sentence like this: "The winning "bid amount" for the artwork was significantly higher than the initial estimate."

What's a good synonym for "bid amount"?

Depending on the context, alternatives to "bid amount" include "offer price", "quoted price", or "tender value".

Is it correct to say "bidding amount" instead of "bid amount"?

While understandable, "bid amount" is the more established and grammatically conventional term. "Bidding amount" is less common and might sound awkward to some.