Word: underbidding
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...former officials of Ashland-Warren, Inc., an Atlanta-based subsidiary of Ashland Oil, Inc., which boasts the dubious distinction of having paid in 1982 the largest antitrust penalties ever assessed a U.S. corporation. The executives were convicted of agreeing to slip $125,000 to a smaller company that had underbid them on a Tennessee highway project. In return, Ashland-Warren was to become a 100% "subcontractor...
...labor relations for Schiavone Construction Co., was a friend and traveling companion of New Jersey Gangster Salvatore ("Sally Bugs") Briguglio. The informant said Briguglio, in return for payoffs, gave Donovan information about low bids on Government construction contracts, which he learned of through Government contacts, so that Donovan could underbid. At his confirmation hearings, Donovan three times denied ever meeting Briguglio, the victim of a Mob execution in 1978. Another FBI source said that a labor fixer, Jack McCarthy, worked for the Schiavone Co. McCarthy has been convicted of racketeering...
...meats and retailers of imported tobacco. Most encouraging to the Europeans, the Japanese also agreed to negotiations on shipbuilding, the sorest issue of all. In the first nine months of 1976, Japan grabbed 86% of all shipbuilding contracts awarded in industrialized countries. European shipbuilders claim that the Japanese can underbid them by 30% to 40% because the Japanese yards get hidden government subsidies...
Finally, governments facilitate sales by making available the credits required by nearly every customer but the rich oil exporters. Paris has won contracts for French firms by frequently offering longer credit at lower interest than other Western countries. Seldom, however, does anyone underbid the Russians...
...Cruds. Even when he loses, Smith is not overly distressed. For one thing, there is satisfaction merely in seeing the A.B.A. grapple with serious current problems. For another, he observes, "If I don't get shot down, I've underbid my hand...