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Meaning of construction bidding
The primary meaning of "construction bidding" refers to the process by which construction companies submit proposals to undertake a construction project.
Etymology of construction bidding
The term "construction bidding" originates from the combination of "construction" (from Latin "constructio", meaning "a building" or "a structure") and "bidding" (from Old English "biddan", meaning "to ask" or "to offer").
The concept of construction bidding has been in use since ancient times, with evidence of competitive tendering for construction projects found in ancient civilizations such as Egypt, Greece, and Rome.
Synonyms
Definitions
- The process of submitting a proposal to undertake a construction project, often involving the submission of a detailed estimate of the costs involved.
- * A formal offer to undertake a construction project at a specified price, often in competition with other contractors.
Usage Examples
- The construction company submitted a bid for the new hospital project, outlining their proposed costs and timeline.
- * The government agency received several bids for the infrastructure development project, and will review them before making a decision.