Meaning of the word "make a bid" in English

What does "make a bid" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

make a bid

US /meɪk ə bɪd/
UK /meɪk ə bɪd/
"make a bid" picture

Idiom

1.

to offer a particular amount of money for something that is for sale and being competed for by others

Example:
She decided to make a bid for the antique vase at the auction.
Several companies are expected to make a bid for the government contract.
2.

to attempt to achieve or get something

Example:
The athlete is ready to make a bid for the world record.
He is planning to make a bid for the party leadership.