bid (some amount) on (something)
To say that one will pay a certain amount of money in exchange for an item, as at an auction. I can't believe I bid $500 on that necklace and still didn't win it! How much did you bid on that antique dresser?
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.
1. To offer some amount of money for something at an auction: I won't bid more than $10 on that sofa. Who would like to bid on this beautiful painting?
2. To respond to some business proposal with a bid: Four companies are bidding on this contract right now.
The American Heritage® Dictionary of Phrasal Verbs. Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.