Word: underbid
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...only way that it can get back that business." But the go-slow camp-including Loeb and Levy-fears that lower, negotiated commissions might lead to collusion between some brokers and big traders. Others argue that the change would cause more failures among brokerage houses because strong firms would underbid the weak for available business. Some securities executives figure that if fees are cut on lucrative big trades, either small investors will have to pay more or brokers will have to make sharp reductions in their already spotty securities research...
...land the job for the Aswan's first stage, Osman underbid his only competitor by nearly one half. Millions of tons of granite had to be moved in 140° heat, and Osman found his biggest problem to be the Soviet equipment, which had been accepted by Gamal Abdel Nasser as a condition of Russian aid. Soviet power shovels and drills could not cope with the granite, and trucks broke down in the heat. Osman convinced Nasser that only Swedish, British and Japanese equipment would get the $920 million job done on time. His project was completed on schedule...
Lockheed's money difficulties are as large as the aircraft that caused most of them, the C-5A. The company underestimated the expense of building the world's biggest airplane when it eagerly underbid Boeing to get the contract in 1965. Partly because of inflation, overrun costs totaled $1.1 billion. Lockheed's defense woes were compounded by some troubles with its contracts to build the Cheyenne helicopter, the motor for the SRAM (or short-range attack missile) and military ships. The Government has partially reimbursed Lockheed for some of its losses, but all together the four programs...
Morris Abrams Jr. '70. the Independent president protested that the University was giving the advantage to the CRIMSON. He said that Thomas Crooks, Master of Dudley House and director of the summer school. informed the Independent last week that any competitor wouldhave to underbid the CRIMSON by $500 to get the contract...
American Electric Inc., which underbid Dow for Washington's latest napalm contract, may be in a better position. A subsidiary of City Investing Co., American Electric makes no consumer products- and it has no plans to recruit on college campuses...