A bid is an amount of money that is offered in order to get something. If a bid is too low, it might not be accepted by a seller. If a bid is too high, the buyer might be making a mistake by offering to pay too much. To make a bid on anything usually requires knowledge and experience.
A person who wants to buy a house makes a bid. (bid = offer)
I made a bid on a house and it was accepted.
Our company is making a bid on a building and some land in order to expand its operations.
People who attend auctions make bids on items that are up for sale.
An auctioneer asks people to make bids.
When a house goes up for sale, interested buyers make bids on it.
When "bid" is used as a verb, it’s irregular:
simple
past
past participle
bid
bid
bid
Tony bids on stocks that he believes are a good value. (present tense)
He bid on a stock priced at $45 a share. He sold it the next week when it hit $50 a share. (past tense)
Over the years, Tony has bid on stocks that have made money and lost money for him. (present perfect tense)
A lot of money was bid on a horse that lost its race. (This sentence is in the past tense, passive voice.)
How much money would you be willing to bid on a house that you wanted to buy?
The word "bid" is also used in circumstances when a person is trying to win a political office:
Hillary Clinton is making her second bid for the presidency of the United States.
Right-wing political parties in Europe are making successful bids for elected positions in government.
When a house goes up for sale, interested buyers make bids on it.