He assumed that using the existing infrastructure enabled the company to underbid
In the old city's Khan al-Tujjar, where centuries ago expensive clothes brought from Damascus and Cairo were sold, merchants nowadays underbid
each other with low-quality products made in China.
Analysts were caught off guard by the contract, given predictions that EADS would aggressively underbid
Edison's/General Electric's offer to light the entire exhibition, Tesla/Westinghouse created what was to be a Waterloo for Edison's plan for national direct current municipal power supplies.
At the 15 December sale of Important Watches in New York, 321 clients from 19 countries registered to bid online - the highest ever for this category at Christie's; 39 per cent of the sale's items were sold to or directly underbid
by a Christie's LIVE client.
But in a newspaper interview, he said: "Bilfinger Berger were a delinquent contractor who scented a victim, who probably greatly underbid
and would use the contract to make life extremely difficult for the city.
At a street corner, some tuktuk drivers are playing dice for money and are quick to underbid
each other for the few foreign fares still available.
If you average cost and your competitors study your bidding history and figure out which types of jobs you underbid
and overbid, they could exploit the error in your costing for their own gain (and your loss), for example, allowing you to win jobs you tend to underbid
and scraping extra profit from jobs you tend to overbid.
The contract to manufacture the blast-resistant glass wrapping the main tower's first 20 stories was awarded earlier this year to a Chinese firm that underbid
At that price, Grupo Unidos underbid
two competitors and was well under the target price of US$3.
Most contractors are out there playing by the rules and those costs are figured into their bid proposals, but those who don't have those costs can underbid
any legitimate contractor.
However, if that company's competitor has devised a way, and is cutting faster, he can then underbid
his rival and make him less competitive.
Other countries have seen promising acreage passed over or underbid
as oil companies reassess projects in the lower price environment.
Because a large reference lab with multiple locations can more effectively spread its testing costs than a lab with only one location, the larger lab may likely underbid
the small lab for the same tests--in effect forcing the small lab to accept less payment, even as part of a "winning" bid team.
While Intermet continues to attract new business, he said, it has lost certain jobs where it has been underbid