Bidder

A bidder is an individual or entity that offers a price or proposal to buy something in an auction or competitive process. They submit their bid, which is their proposed amount or terms, in hopes of securing the item, contract, or opportunity. Bidders analyze the value and competition to determine their bid amount. The highest or most suitable bid, depending on the rules, wins the auction or contract. Bidders can represent companies, organizations, or individuals seeking to obtain goods, services, or rights through a competitive process.