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underbidder

  • a word derived from underbid.
    underbid
    verb (used with object)
    to bid less than (another bid) or less than the bid of (another bidder), especially in seeking a contract to be awarded to the lowest bid or bidder; make an offer at a lower price than.

Example Sentences

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The underbidder was ConstitutionDAO, which announced its plan to raise millions of dollars to buy the Constitution on Twitter on Nov. 12.

From Seattle Times ● Nov. 19, 2021

“Rubens’s time has come,” said Mr. Haboldt, an old masters specialist with locations in Paris, New York and Amsterdam, who was the underbidder.

From New York Times ● Jul. 16, 2016

Chapman, a Brisbane-based private detective, was reportedly the underbidder for last week’s Beirut plot, and has since been quoted in the media criticising Whittington and 60 Minutes.

From The Guardian ● Apr. 12, 2016

Young Mr Noortman, the underbidder who was trying to buy the picture for stock, did not stand a chance.

From Economist ● Dec. 15, 2009

He had been the underbidder, but what chance had a poor devil of a bibliophile against the wealthy captains of industry?

From The Unpublishable Memoirs by A. S. W. Rosenbach

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