The bidding process is a method used to procure goods or services through competitive offers. It typically involves a buyer announcing their need and inviting suppliers to submit proposals or bids. Each bid outlines the price and terms under which the supplier is willing to fulfill the request. Once the bids are received, the buyer evaluates them based on criteria such as cost, quality, and delivery time. The goal is to select the best offer that meets their requirements. This process is common in various sectors, including construction, government contracts, and procurement for businesses.