underbidders
Outbid auction participants
Underbidders are those who bid less than competitors at an auction or in contract negotiations.
An underbidder loses to a higher offer: The underbidders watched as the painting sold for twice their maximum.
In some contexts, underbidders deliberately price below cost to win contracts, a practice that can undercut legitimate competition.
Those who compete
- contendersThose seeking to win
- opponentsThose who compete against
- challengersThose who compete against
- runners-upThose finishing second
defeated · losers · contestants · competitors · also-rans · unsuccessful · beaten · surpassed
Competition's silver finisher
- paddleFlat-bladed water tool
- auctioneerConducts public sales
- saleroomVenue for public bidding
- catalogueSystematic list of items
Deliberately understate cost
- undervalueEstimate below true worth
- undercutSell cheaper than rivals
- underpriceCharge below value
- discountReduced price offered
rivals
Those who compete
- contendersThose seeking to win
- opponentsThose who compete against
- challengersThose who compete against
runners-up · defeated · losers · contestants · competitors · also-rans · unsuccessful · beaten · surpassed · outmatched
runner-up
Competition's silver finisher
- paddleFlat-bladed water tool
- auctioneerConducts public sales
- saleroomVenue for public bidding
lowball
Deliberately understate cost
- undervalueEstimate below true worth
- undercutSell cheaper than rivals
- underpriceCharge below value
discount · underestimate · rock-bottom · cutthroat · shave