Word: underbid
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Dates: during 1990-1999
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Welcome to the eBay revolution. Auction sites are one of the hottest corners of cyberspace right now. Online bidders are eagerly competing for new ovens ubid.com and used microscopes going-going-sold.com) There are service auctions, where lawyers can underbid one another for assignments to register patents elance.com) and reverse auctions, where buyers name their own price for a ticket to Hawaii and airlines decide if they will go that low priceline.com) There are niche auctions for vintage surfboards webworldinc.com/vintage and movie memorabilia auction.newline.com) express auctions that wrap up in an hour onsale.com and auction sites where the proceeds...
...came to him and said they didn't want their raises. Indianapolis had just put out to competitive bidding the business of repairing city vehicles, and that meant his workers had to bid against private companies to keep their jobs. Fantauzzo's workers were worried that they would be underbid. So they gave up their pay raises--and narrowly won the contract. The competition has brought a new efficiency to the operation: costs are down 29%, turn-around time on repairs has improved markedly, and customer complaints have fallen more than 90%. At the same time, the workers have more...
...countries often have a very hard time establishing successful private practices, which depend largely on approving word of mouth among patients, who are often more comfortable with an American doctor. As managed care extends its control over the choices patients make, U.S.-trained physicians feel that they are being underbid by the doctors from other countries. In the end, it is not simply a question of whether we have too many doctors in this country, but whether we have enough doctors in the right places. Most physicians prefer to practice in urban areas. Private practice physicians feel the big health...
...transportation and power equipment manufactured in the European Community, thus signaling that the Clinton Administration means business about dismantling protectionist trade barriers. The stern new measure is aimed at the E.C.'s "buy Europe" policy, which allows government agencies to award lucrative contracts to other E.C. members even when underbid by foreign firms. Unless a compromise is reached before March 22, $45 million in annual purchases will be terminated. Kantor's motivation was in part due to his frustration with what he describes as the E.C.'s refusal to show "a desire to conclude a balanced trade agreement." Unamused...