Definitions of competing bids
The contract was awarded (= given) after a full and thorough evaluation of competing bids.
Phrase Bank for competing bids
Why had the city had not solicited (=requested) competing bids?
Several companies have offered competing bids.
I was advised to get several estimates or competing bids.
This year’s bid process that involves fewer than three competing bids.
Additional Notes for competing bids
Competitive bid: a public offering in which underwriters(= usually investment banks) submit sealed bids to the issuer (=usually a corporations, investment trust and government entities) and the issuer chooses the underwriter with the best terms.