Word: underbid
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...they can underbid another contractor by keeping wages low, they’re going to be favored in the bidding process,” said Service Employees International Union (SEIU) Local 615 organizer Aaron Bartley yesterday...
...program, managed by Boeing Co. - and nicknamed "FIASCO," a pun on its acronym, by some insiders - is also running well over budget even as the aerospace giant has had to scale back some promised new capabilities, officials said. That's led some U.S. officials to charge that Boeing had underbid in an aggressive effort to win the contract. "They wanted it bad, and now they're doing it badly," said one. A Boeing spokesperson declined comment. An official at the National Reconaissance Office, which is responsible for building and keeping spy satellites in the air, insisted that, "over the years...
...already announced a new fee structure, raising the amount buyers must pay to 17.5% on the first $80,000 and 10% above that but reducing the seller's commission for customers who buy a lot of art. The art world awaits Sotheby's response. "We will not be underbid by Christie's," new chairman Sovern told TIME, "and we are reviewing our fee schedules to make sure that we are as competitive as we need...
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...