The lowest bid does not necessarily represent the best deal, so it is important to understand why one estimate varies from another.

The new bid represents a nearly 5 percent increase over the first proposal of $10.9 billion, made in December.

The proposed bid represents just a 5 percent premium over Riverwood's price when the deal was struck.

The current bid represents a 10 percent premium over the Arnotts closing stock price on Friday.

Ebay cannot force anyone to follow through on a bid, other than to tell them that their bid represents a legal contract.

Chemical's bid, for example, represents 7.8 percent of First City's deposits.

The bid represents the highest price for the stock in more than five years.

The bid represents the number of points that player believes he is capable of accumulating.

The bid represents how many of the chosen face value the player believes are showing under all the cups, not just their own.

HE explained that a higher bid might represent a better value because experienced builders tend to stick to a schedule - and a budget.