counterbid
Rival auction price
A counterbid is a bid made in response to another bid, typically offering different or better terms.
In auctions, a counterbid tops a previous offer: The counterbid came in at fifty thousand over the asking price.
In negotiations or takeover attempts, it's an alternative proposal meant to compete with an existing one.
The verb counterbid follows the same pattern.
Proposal to provide
- counterofferAlternative terms proposed back
- bargainFavorable purchase price
- haggleDispute price persistently
- termsConditions of an agreement
concession · compromise · deal · settlement · agreement · leverage · walkaway · stalemate
One who competes against
- opponentOne who contends against
- undercuttingCharging less than rivals
- outmaneuveringDefeating through superior tactics
- oneupmanshipPractice of besting others
escalation · competing · vying · positioning · jockeying · preemptive · spoiler · blocking
Flat-bladed water tool
- incrementUnit of increase
- reserveSupply kept back
- hammerTool for striking nails
- gavelSmall ceremonial hammer
lot · auctioneer · catalogue · estimate · preview · proxy · sniping · ceiling
Soft or sore
- proposalFormal plan for consideration
- submissionYielding to another's will
- quotationCited passage or price
- procurementObtaining goods externally
sealed · incumbent · specification · evaluation · shortlist · award · contractor · vendor
offer
Proposal to provide
- counterofferAlternative terms proposed back
- bargainFavorable purchase price
- haggleDispute price persistently
terms · concession · compromise · deal · settlement · agreement · leverage · walkaway · stalemate · deadlock
rival
One who competes against
- opponentOne who contends against
- undercuttingCharging less than rivals
- outmaneuveringDefeating through superior tactics
oneupmanship · escalation · competing · vying · positioning · jockeying · preemptive · spoiler · blocking · defensive
paddle
Flat-bladed water tool
gavel · lot · auctioneer · catalogue · estimate · preview · proxy · sniping · ceiling
tender
Soft or sore
- proposalFormal plan for consideration
- submissionYielding to another's will
- quotationCited passage or price
procurement · sealed · incumbent · specification · evaluation · shortlist · award · contractor · vendor
strategy
Planned approach to goals
ploy · timing · posturing · stalling · deception · misdirection · signaling · anchoring · lowball · highball
- auctionsauction, auctioneer, auction house, auction houses, hammer price
- Bidstender, no trump, grand slam
- biddingauction, tender, sniping, auctioneer, reserve price
counterbidacceptance
Consent to receive
capitulation · acquiescence · concession · withdrawal · agreement