Word: underbidding
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...Administration, which wants Congress to amend the "Buy American" Act, is working on ways to liberalize it in the meantime. One idea is to lower, by executive order, the 25% differential by which foreign suppliers must underbid U.S. competitors. Another is to relax the methods of calculating the differential to give foreign suppliers a better break, and to get Government agencies to standardize the rules and conditions they set for foreign bidders...
Some of the cargo ships have been engaged in traffic with Red China, and some of the tankers, using underpaid foreign crewmen, have underbid U.S.-owned tankers enough to knock U.S. seamen out of jobs. Admiral Burger expects to seize about 75 ships before he is done and, if the courts uphold him, sell them over again...
...Office experiments later this summer pan out. It is still cheaper to send mail by rail than by air (36? v. 52¾? an air ton-mile), but with a big volume to haul on late night flights the airlines may be able to cut their rates enough to underbid the railroads, which are asking a 45% increase for carrying mail...
...Hallmark Card Company soon underbid Mrs. The. and has since cornered the market...
...books are a combined operation of the Office of International Information, which wrote the scripts and did the translating, and of 33-year-old M. Philip Copp, a former Manhattan art agent who underbid comic-book publishers for the $24,000 contract. To do the eight four-page, black & white biographies, Copp hired Artists Bruno Premiani and William Draut, two veterans of Wild West comics...