Word: underbid
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...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...
...secondary market as high as $350,000, and Saatchi recently unloaded a block of nine of them on the Swedish dealer Bo Alveryd, who last month spent $70 million at three London galleries (Marlborough, Waddington and Bernard Jacobson) before moving on to the New York fall auctions. There he underbid the $20.68 million De Kooning and bought, among other things, a Johns for $12.1 million. "I thought Saatchi had good intentions," Scully says. "Now it turns out that he's only a superdealer. These guys create price levels for themselves. They put one painting in a sale...
...favored company is the Pittsburgh-based Dravo Corp., which in 1983 underbid four other builders to win a $102.9 million contract to construct a steam plant for the Navy at the Portsmouth, Va., shipyard. When Dravo discovered its design would not work as promised, it had to redesign the plant. By August of last year, the company faced increased costs of almost $25 million. Dravo's Washington Lobbyist Martin Hamberger did not waste time trying to persuade unsympathetic Navy brass to renegotiate. Instead he went to Specter, asking for a bailout. The Senator received $9,500 from Dravo's political...
...week from Easter recess, lawmakers may take up the proposed $3.9 billion buyout of Dome Petroleum by the Canadian arm of Chicago-based Amoco, fifth largest U.S. oil company. Dome's board, faced with $4.9 billion in debt, last week accepted the offer. But Toronto-based TransCanada PipeLines, which underbid Amoco by $600 million, vows to keep up the fight...