Word: underbid
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Dates: during 1920-1929
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...next four years (TIME, Aug. 20, Sept. 17). Once before bids had been opened and rejected. This time figures were much lower. The Middle West Supply Co., now holding the contract, offered an estimate of $13,314.954-98. But the International Envelope Co., subsidiary of International Paper, underbid its rival by $105,161.18. International Envelope won the contract...
...requires that U. S. munitions contracts, "except in rare cases," shall be let to the lowest bidders. The bidders include the U. S. arsenals, which naturally can underbid private concerns. Private munitions-making for the U. S. tends to be not only profitless but costly. Members of the Army Ordnance Associations- civilian industries organized under reserve officers and the Assistant Secretary of War-spend large sums keeping up-to-date their factory plans and personnel for munitions-making. It would be not only just but wise for the U. S. to give "educational" orders to such industries. During...
...citizens planning summer tours of Canada have observed that Ontario liquor prices are considerably lower than liquor prices in Quebec. Prices announced when Ontario became Wet (TIME, March 21) easily underbid prices in Quebec, and though Quebec has replied by issuing a new downward revision of its liquor tariffs, Ontario still claims the least expensive of Canadian thirsts. A comparative price list...
These banks have accumulated much business properties in the chief cities, and have profited from their valuations enhanced by passing years. They are financing more Russian business than banking competitors of any other nationality. They are in Egypt, Turkey, the Balkans. No one could underbid them for a recent offering of Belgian railway bonds, and, it is whispered; with a mischievous wink, at the dining tables of the Hotel Adlon in Berlin, that these German bankers have had the audacity to offer loans to both the Belgian and French governments...
...Germans underbid the U. S. in making locomotives for the Sao Paulo railway in Brazil. Although the money being used was borrowed in the U. S., the latter received orders for 29 locomotives to Germany...