1. the act of making a new or additional bid in an auction or competitive process
2. the process of soliciting new bids for a contract or project
Usage: business

Examples

• The rebidding process for the construction project will begin next month.
• After the initial bids were too high, the company announced a rebidding.
• The auction house allowed rebidding on the painting after a dispute.
• Government contracts often require rebidding if no acceptable proposals are received.
• The rebidding attracted more competitive offers from contractors.
• Due to technical errors, rebidding was necessary for the municipal project.