initial bid

USAGE SUMMARY

The phrase "initial bid" is correct and usable in written English.
It can be used in contexts related to auctions, negotiations, or any situation where an offer is made as a starting point. Example: "The initial bid for the painting was set at $5,000, attracting several interested buyers."

✓ Grammatically correct

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

58 human-written examples

It initial bid had been 47.2%.

The Guardian - Business

Apollo's initial bid was announced on March 13.

The New York Times

21, the day before Shell's initial bid was announced.

The New York Times

Gannett raised its initial bid several weeks later to $15 a share.

The New York Times

The initial bid by Dakang was rejected on national security grounds in November last year.

The Guardian

Two days after making their initial bid, the Mets found themselves out of the running yesterday.

The New York Times - Sports

An initial bid to ban the party in 2003 failed for legal reasons.

Independent

For months, Glencore seemed unwilling to budge on its initial bid.

The New York Times

AMP had increased its initial bid to 12.9 billion Australian dollars.

The New York Times

Dell's shares fell little after its initial bid or the subsequent offers.

The New York Times - Tech

It is also 21 percent higher than Energy Transfer's initial bid.

The New York Times

Expert writing Tips

Best practice

When discussing financial transactions or negotiations, use "initial bid" to clearly indicate the first offer made. This avoids ambiguity and sets a precise starting point for subsequent discussions.

Common error

Don't assume the "initial bid" represents the final terms. It's crucial to remember that the initial bid is merely the starting point, subject to negotiation and potential adjustments.

Linguistic Context

The phrase "initial bid" functions as a noun phrase, typically acting as the subject or object of a sentence. It denotes the first offer made in a negotiation, auction, or tender process. Ludwig's examples illustrate its use in various business and financial contexts.

Expression frequency: Very common

Frequent in

News & Media

65%

Science

30%

Formal & Business

5%

Less common in

Wiki

0%

Encyclopedias

0%

Social Media

0%

Ludwig's WRAP-UP

The phrase "initial bid" is a common and grammatically sound term used to describe the first offer in a negotiation or auction. As Ludwig AI confirms, it's widely accepted and applicable in diverse contexts, primarily in news, business, and finance. Its function is to set a starting point for discussions, with a communicative purpose to inform and establish the opening terms of a transaction. While Ludwig highlights its use in a range of sources, including The New York Times and The Guardian, it is important to remember, the "initial bid" does not represent the definitive end result. Instead, it provides a crucial foundation for subsequent negotiations and potential alterations.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

opening offer

This alternative focuses on the act of offering something first, similar to an initial bid.

starting price

This term is more specific to auctions or sales, highlighting the initial value set for an item.

preliminary offer

This emphasizes the tentative or early nature of the bid.

first proposal

This alternative broadens the context to any kind of formal suggestion or plan.

original tender

This is suitable when referring to a formal submission of a bid.

base bid

Suggests the minimum or foundational bid amount.

introductory bid

Emphasizes that this is the first in a series of potential bids.

initial tender offer

Formal phrase typically used in business and financial contexts.

initial proposal

Highlights the offer as a structured suggestion or plan.

opening gambit

A more figurative term suggesting a strategic move at the beginning of negotiations.

FAQs

How to use "initial bid" in a sentence?

You can use "initial bid" to describe the first offer made in a negotiation or auction. For example, "The company rejected the competitor's "initial bid" as too low."

What can I say instead of "initial bid"?

Alternatives to "initial bid" include "opening offer", "starting price", or "preliminary offer" depending on the context.

When is it appropriate to use the term "initial bid"?

"Initial bid" is most appropriate in formal contexts such as business negotiations, auctions, or when discussing financial transactions where a formal offer is made.

What's the difference between "initial bid" and "final offer"?

The "initial bid" is the first offer made, while the "final offer" represents the last and usually best offer after negotiations. The initial bid is a starting point, while the final offer aims to conclude discussions.