bidding

Bidding is the process of offering a price to buy or sell something, such as in auctions or contracts. When multiple parties are interested, each submits a proposal indicating how much they are willing to pay or accept. The highest bid usually wins in sales, or the best offer in contracts. Bidding helps determine the value of goods or services fairly, based on supply and demand. It’s a competitive process that encourages buyers and sellers to find a mutually acceptable price, ensuring transparency and fairness in transactions.