rebidding

Submitting another offer

Rebidding is the act of bidding again, whether in auctions, contract negotiations, or card games like bridge.

Companies may be required to go through rebidding when contracts expire: The cleaning service contract is up for rebidding next month.

In bridge, rebidding refers to a player's second bid, which typically clarifies the strength or distribution of their hand.

procurement

contract

Enforceable written agreement

vendor · supplier · award · evaluation · solicitation · government · procurement · compliance · specification · resubmission

auction

lot

Large amount or portion

increment · proxy · hammer · gavel · catalogue · estimate · preview · heritage · antiques · collectibles

negotiation

counteroffer

Alternative terms proposed back

compromise · concession · deal-making · proposal · agreement · settlement · back-and-forth · renegotiation · walkaway · leverage

strategy

bluffing

Deceiving about one's position

calculation · timing · patience · anticipation · maneuvering · reassessment · signaling · strategic · deception

finance

underwriting

Risk evaluation and acceptance

bonds · refinancing · treasury · yield · coupon · maturity · syndicate · tranche · IPO · secondary

bridge

contract

Enforceable written agreement

  • declarerOne who states openly
  • dummyLifelike substitute figure
  • trumpSuit outranking all others

suit · opener · responder · forcing · game · slam · partner · convention · blackwood · reverse

Opposites
bidding sequence

rebiddingopening bid

First price proposed

opening offer

bidding action

rebiddingwithdrawing

Removing or pulling away

passing · folding · abstaining · dropping out · sitting out

contract status

rebiddingcontract renewal

Extending an existing agreement

contract extension · no-bid contract · automatic renewal

Family

bid, bidding, bidder, outbid, biddable, bidders, outbids, outbidding, underbid

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