underbid

American  

[uhn-der-bid] / ˌʌn dərˈbɪd /

verb (used with object)

underbid, underbidding

1. 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.

2. Cards. to bid less than the value or worth of (a contract or hand).

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verb (used without object)

underbid, underbidding

1. to bid lower than another or too low for the value of something.

underbid British  

/ ˌʌndəˈbɪd /

verb

1. to submit a bid lower than that of (others)

   Irena underbid the other dealers

2. to submit an excessively low bid for

3. bridge to make a bid that will win fewer tricks than is justified by the strength of the hand

   he underbid his hand

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Other Word Forms

• underbidder
  noun

Etymology

Origin of underbid

First recorded in 1585–95; under- + bid ¹

Example Sentences

See Examples For:

underbid underbidding

Saint Francis had been exceeding Nebraska’s caseload requirements and ultimately conceded that it had underbid its contract with the state.

From Seattle Times ● Nov. 16, 2022

State officials awarded the contract in 2019 despite concerns about Optum’s record after the company underbid the incumbent contractor, Beacon Health Options, by $72.1 million.

From Washington Post ● Oct. 28, 2022

The measure also covers bids in public tenders in order to prevent foreign subsidies used to grow market share or underbid European rivals to gain access to strategically important markets or critical infrastructure.

From Reuters ● May 4, 2022

Academic jobs—especially in such “useless” fields as English, history, philosophy, and the foreign languages—are so scarce, and seekers so desperate, that if underbidding became standard practice, the winning underbid would always be zero.

From Slate ● Nov. 3, 2015

The producer who works at the greater advantage is foreordained to underbid and supplant the one who works under more unfavorable conditions.

From Essentials of Economic Theory As Applied to Modern Problems of Industry and Public Policy by Clark, John Bates

He then submitted a competing application for the federal contract through his new nonprofit organization, successfully underbidding Geo Group.

From New York Times ● Oct. 3, 2021

Critics contend the company has been able to secure the deals by dramatically underbidding competitors due to subsidies from Beijing.

From Washington Post ● Feb. 11, 2019

Applicants might win jobs by underbidding the competition, but they are apt to saddle themselves with a wage well below the market rate.

From Time ● Jun. 12, 2012

Sanitation at the base is handled by a private company, Sanco Enterprises SA, which won the contract over the summer by underbidding a rival.

From Seattle Times ● Nov. 19, 2010

By underbidding the government itself he presently had contracts for all the vast government business of that character.

From A Captain in the Ranks A Romance of Affairs by Eggleston, George Cary