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Meaning of estimated bid
The primary meaning of "estimated bid" refers to an approximate value or cost of something, typically provided before the actual cost is known.
Etymology of estimated bid
The word "estimated" comes from the Latin "aestimare," meaning "to value" or "to estimate."
The word "bid" has its roots in Old English "biddan," meaning "to ask" or "to offer."
The phrase "estimated bid" has been used in business and economics since the 19th century to describe an approximate value or cost of a product, service, or project.
Synonyms
projected bid
anticipated offer
predicted cost
forecasted price
expected quote
approximate bid
rough estimate
tentative offer
proposed bid
suggested price
quoted price
assessed value
evaluated bid
appraised cost
calculated bid
reckoned offer
guessed bid
speculative bid
hypothetical bid
theoretical bid
conceptual bid
estimated cost
estimated price
estimated value
estimated amount
budgeted bid
allotted bid
designated bid
assigned bid
prescribed bid
stipulated bid
Definitions
- A bid or offer that is based on an approximate calculation or judgment of the cost or value of something.
- * An estimated amount that a person or organization is willing to pay or accept for a particular product, service, or project.
Usage Examples
- The company submitted an estimated bid for the construction project, which was higher than expected.
- * The artist provided an estimated bid for the commissioned painting, taking into account the cost of materials and time.
- * The contractor gave us an estimated bid for the renovation, but the final cost ended up being higher due to unforeseen expenses.
Antonyms
exact bid
precise offer
accurate quote
fixed price
firm bid
definitive offer
confirmed bid
finalized bid
settled bid
agreed-upon bid
set bid
specified bid
detailed bid
thorough bid
comprehensive bid
exhaustive bid
meticulous bid