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Discover LudwigThe phrase "the bidder" is correct and usable in written English.
You could use it in a sentence such as: "The bidder submitted the highest offer for the property."
Dictionary
the bidder
noun
Someone who bids, e.g. at an auction
Exact(60)
The bidder signaled "No".
The bidder clinched it for $129,400.
If not, the bidder loses or pays it double, unless the bidder conceded without play.
The procedure stacks the odds against the bidder.
If the bidder loses the auction, the standstill prevents the bidder from coming back and making another attempt.
The identity of the bidder was not immediately known.
The bidder that ABC most worries about is CBS.
The company's statement did not identify the bidder.
If not, and the bidder doubts that the bid can be fulfilled in play, the bidder may concede immediately for a smaller penalty.
This would clear the way for the bidder to purchase the company despite the board's resistance.
Rather, the bidder is likely to apply a discount to anticipate any losses.
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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