underbidding
Offering too little
Underbidding is offering a lower price than competitors or than what something is worth.
In auctions and contracts, underbidding wins jobs but may cut into profits: They won the contract by underbidding everyone else.
In card games like bridge, underbidding means bidding fewer tricks than your hand warrants.
Charging less than rivals
- rivalsThose who compete
- displacementRemoval from usual location
- aggressiveHostile and confrontational
- predatoryExploiting the vulnerable
dumping · squeeze · pressure · advantage · dominance · commoditization
Being without something
- liabilityLegal or financial obligation
- defaultPreset standard option
- overextensionExceeding sustainable capacity
- misjudgmentFaulty evaluation of something
insolvency · margin · shortfall · miscalculation · underestimate · overcommit · unsustainable · unprofitable
Soft or sore
- procurementObtaining goods externally
- proposalFormal plan for consideration
- contractorHired construction professional
- subcontractorHired by the hirer
quote · estimate · project · construction · vendor · supplier · RFP · solicitation
Methods to achieve goals
- maneuveringSkillful directional control
- gambitRisky opening for advantage
- outmaneuverDefeat through superior tactics
- bluffingDeceiving about one's position
counterplay · negotiation · positioning · leverage · calculation · timing · aggressive · predatory
undercutting
Charging less than rivals
- rivalsThose who compete
- displacementRemoval from usual location
- aggressiveHostile and confrontational
predatory · dumping · squeeze · pressure · advantage · dominance · commoditization
loss
Being without something
- liabilityLegal or financial obligation
- defaultPreset standard option
- overextensionExceeding sustainable capacity
misjudgment · insolvency · margin · shortfall · miscalculation · underestimate · overcommit · unsustainable · unprofitable · regret
tender
Soft or sore
- procurementObtaining goods externally
- proposalFormal plan for consideration
- contractorHired construction professional
subcontractor · quote · estimate · project · construction · vendor · supplier · RFP · solicitation · award
tactics
Methods to achieve goals
- maneuveringSkillful directional control
- gambitRisky opening for advantage
- outmaneuverDefeat through superior tactics
bluffing · counterplay · negotiation · positioning · leverage · calculation · timing · aggressive · predatory · deliberate
reserve
Supply kept back
gavel · lot · auctioneer · paddle · increment · proxy · sniping · opening · ceiling · shill
- biddingbid, auction, opening bid, winning bid, tender
- undercuttinglowballing, price wars, predatory pricing, dumping, loss leader
- card gamespoker, blackjack, solitaire, hearts, spades
- art forgeryart forgery, art fraud, counterfeit art, fake paintings, master forger
underbiddingoverbidding
Offering excessive amounts
overpricing · outbidding · overcharging · overestimating · overvaluing
underbiddingoverbidding
Offering excessive amounts
overpricing · price inflation · overquoting · highballing · overestimating
bidding, bidder, outbid, bidders, outbidding, underbid, overbid, underbids, overbidding