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Meaning of approximate bid
The primary meaning of "approximate bid" refers to an estimated or rough offer to undertake a particular project or task, often used when the exact costs or details are not yet known.
Etymology of approximate bid
The word "approximate" comes from the Latin "approximare," meaning "to come near to," and is used to describe something that is close to, but not exactly, a certain value or amount.
The term "bid" originates from the Old English "biddan," meaning "to ask or offer," and has been used in various contexts, including business, commerce, and auctions.
Synonyms
estimated bid
rough bid
tentative bid
provisional bid
quoted bid
proposed bid
submitted bid
near bid
close bid
rough estimate
approximate offer
rough quote
initial bid
opening bid
preliminary bid
conjectural bid
supposed bid
presumptive bid
speculative bid
theoretical bid
hypothetical bid
projected bid
forecasted bid
predicted bid
guessed bid
surmised bid
assumed bid
Definitions
- An approximate bid is an estimated offer or proposal to complete a project or provide a service, based on rough calculations or limited information.
- * It can also refer to a rough or tentative quote provided by a contractor, vendor, or supplier, subject to change as more details become available.
Usage Examples
- The company submitted an approximate bid for the construction project, as they needed more time to finalize the costs and details.
- * The vendor provided an approximate bid for the supplies, which was later adjusted once the exact quantities were confirmed.
Antonyms
exact bid
precise bid
final bid
firm bid
fixed bid
definite bid
certain bid
confirmed bid
verified bid
validated bid
accurate bid
detailed bid
thorough bid
comprehensive bid
complete bid