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"prospective bidders" is correct and usable in written English.
You can use it when referring to people or organizations who are expecting to make bids on something. For example: "The auction is open to all prospective bidders."
Exact(60)
The company has been seeking $5 billion for Weather Channel and other properties, though it seems increasingly unlikely that any of the prospective bidders will ultimately want to offer that much.
The only prospective bidders were a young couple.
Sotheby's, which had required prospective bidders to register by Tuesday, did not identify the loser.
"Especially if the process also provided me with great information about prospective bidders.
WPP said its adviser, Goldman Sachs, would send details to prospective bidders soon.
That was until yesterday, when school officials mapped out the requirements for prospective bidders.
Among the prospective bidders is a group led by Peter Ueberroth, the former baseball commissioner.
A number of prospective bidders for pieces of Lernout have stepped forward in recent days.
Prospective bidders have until Feb. 13 to put forth formal offers.
The new deadline for submission of business plans by prospective bidders is 25 June.
After the presentation, a dialogue opened up between the executives and the prospective bidders.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com