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"competing offers" is a correct and usable phrase in written English.
It is a phrase used to describe multiple bids or offers from different sources. For example, "The property received several competing offers, making it a seller's market."
Exact(58)
The sale is subject to competing offers.
But according to Repsol, Shell had to outbid more than dozen competing offers.
The quality of the analysis presented to the board on the competing offers was pitiful.
The company disclosed its financial books to bidders after receiving competing offers in May.
The trustees' meeting on Thursday was its second in three days to evaluate the competing offers.
The 1998 agreement gave WellPoint the right to match competing offers.
Students sign up willingly, and there could be competing offers for shares of their income.
Shares jumped 39% to 179p on Wednesday after Punch said it had received two competing offers.
The days when looking for a job meant sorting through competing offers.
Another reason for choosing Flagship Communications over several competing offers, he said, was that it did not require relocation.
Boots and Alliance Unichem said that no competing offers had been received but that the possibility had been considered.
Related(20)
conflicting offers
fighting offers
coming offers
attracting offers
helping offers
engaging offers
substituting offers
attending offers
rival offers
racing offers
contestants offers
contenders offers
alternative offers
support offers
team offers
contradictory offers
competing egos
competing alliances
competing governments
competing arguments
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com