{
  "handle": "Bid",
  "data_schema": {
    "type": "object",
    "required": [
      "issuer_id",
      "terms",
      "signature"
    ],
    "properties": {
      "issuer_id": {
        "type": "string",
        "description": "Identity of the Solver making the bid"
      },
      "beneficiary_id": {
        "type": "string",
        "description": "Identity of the Task issuer"
      },
      "terms": {
        "type": "object",
        "description": "Cost, confidence, and capability claims",
        "properties": {
          "expected_cost": {
            "type": "number",
            "description": "Expected Value Cost (Time/Tokens/USD)"
          },
          "confidence_interval": {
            "type": "array",
            "description": "Probability range of success [low, high]"
          },
          "capability_match": {
            "type": "array",
            "description": "Which parts of the task the solver can handle"
          }
        }
      },
      "signature": {
        "type": "string",
        "description": "Cryptographic proof of commitment"
      }
    }
  },
  "mechanism": "A binding offer {{artifact}} from a {{solver}} to execute a {{task}}. It declares: 1. Expected {{value}} Cost (Time/Tokens/USD), 2. Confidence Interval (probability of success), 3. Capability Match (which parts of the {{task}} the {{solver}} can handle). It serves as the input for the {{compute_budget}} Go/No-Go decision. A Bid acts as a {{commitment_device}}: {{solver}}s cannot exceed bid cost without explicit renegotiation, so the penalty for overshoot outweighs any short-term benefit of understating.",
  "gloss": "Binding offer from solver to execute task",
  "signature": [
    "Artifact(Value)"
  ],
  "failure_modes": [
    "Underestimation: Bid is too optimistic, leading to {{budget}} overrun.",
    "Overestimation: Bid is too pessimistic, causing rejection of viable work.",
    "Capability Mismatch: {{solver}} claims abilities it doesn't have.",
    "Confidence Theater: Stated confidence doesn't reflect actual uncertainty."
  ],
  "invariants": [
    "Binding: {{solver}} cannot exceed Bid cost without requesting {{budget}} expansion.",
    "Pre-Execution: Must be generated before work begins.",
    "Verifiable: Bid components must be objectively measurable post-hoc."
  ],
  "_meta": {
    "tier": 1,
    "ring": 1,
    "supersedes": [
      "sema:Bid#mh:SHA-256:cf07d1105de889786c1fbb618128ab03b34964fa4a7ab983c8d0f4d1d984b43e",
      "sema:Bid#mh:SHA-256:1ebadf0e232c35605addcb43f2c2ceab124a7f710c0471cefb989189661c8d3a",
      "sema:Bid#mh:SHA-256:5c45e9bd8858829e5a5cde5ad4f3ab26f4bb6937f88c1ddde40798b58799a266",
      "sema:Bid#mh:SHA-256:f083ba4d6bda1e6f41425819a11da70828e6ee6dbe843ada68ef1e0696b9bf17",
      "sema:Bid#mh:SHA-256:79cf8292cd6dc35c67b9a91f5a9f31962b12efc5ceb36ec84e1876142bce90ef"
    ],
    "path": [
      "Society",
      "Economics"
    ]
  },
  "sema_ref": "Bid#647f",
  "sema_id": "sema:Bid#mh:SHA-256:647f5a901a75ad0c5535dd1a16a2e2eb1f4295d88e55b592f101ea393c9d23b1",
  "sema_stub": "647f",
  "dependencies": {
    "references": {
      "artifact": "sema:Artifact#mh:SHA-256:b533ad2674ec00c5e9a5f1e3920f1097e2bc1eea7263f89e8f46563fa319a0ee",
      "budget": "sema:Budget#mh:SHA-256:4e3e536c9ecec8c1b0af017cfd0a26ba00e9f96047de4a690bf9d3db7f3720ef",
      "commitment_device": "sema:CommitmentDevice#mh:SHA-256:548b0a08b4956329e458f4e9bd150ea3d40c1867ca99e04b3e4f1bb31c9c6278",
      "compute_budget": "sema:ComputeBudget#mh:SHA-256:4091ac7c6677342920dc53808d02830e35c5849f2af1bb9ba7749c576d37478e",
      "solver": "sema:Solver#mh:SHA-256:a4478611882cced1b069f8dc551d401c74b35cefe02ed67d37d1aa135e19825b",
      "task": "sema:Task#mh:SHA-256:a85010f508f85055170c396c8fa390125c1206888c565ac10651f3969a339f8d",
      "value": "sema:Value#mh:SHA-256:37fd75758d04cdd7f57a636ccb5394d463713d60c33b694e37ab71f4a5a896f8"
    }
  },
  "sema_layer": "Society",
  "sema_category": "Economics",
  "used_by": {
    "composes_with": {
      "AtomicBid": "sema:AtomicBid#mh:SHA-256:5ac637b4b3d74bfaea558ee36b1ee6ffcaf46fe26ac988b524e46faf9821535e"
    },
    "accepts": {
      "Award": "sema:Award#mh:SHA-256:4c5d0b7992809eebff99b727da727b08f4659773607c2621d8181b5d816e4b23"
    },
    "yields": {
      "Estimate": "sema:Estimate#mh:SHA-256:3bacc0606623a0603b271a835b54157c2e86389c4282af86d88cd1ddd9ecf917"
    }
  }
}