rebid

noun
  1. 1

    A second or subsequent (normally higher) bid.

verb
  1. 1

    To bid again on something.

  2. 2

    To require a new set of bids for.

    โ€œWe had to rebid the contract when accusations of fraud by other competitors occurred.โ€

  3. 3

    To bid a higher value of the current suit.

Source: https://en.wiktionary.org/wiki/rebid