To undo the process of bidding; to cancel a bid.(verb)
Wiktionary.org : Text is available under the Creative Commons Attribution-ShareAlike License
Use "unbid" in a sentence
"[96] A great deal of nonsense has been written to account for the word unbid, in this line."
"Why not prosecute for lying about the war, the yellowcake uranium, outing the CIA agent, torture, illegal wiretapping, and allowing your friends and buddies (Cheney, Halliburton) to rape the treasury with unbid contracts, etc."
"Montgomery Advertiser – Riley agrees to pay attorneys in suit over unbid computer contract"