noun
- the act of making a bid that is lower than another bid or lower than the actual value
Usage: business; auctions
verb
- present participle of underbid; making a bid that is lower than another bid or lower than the actual value
Usage: business; auctions
Examples
- The contractor lost the job by underbidding and couldn’t cover his costs.
- Underbidding at the auction meant she got the antique for a great price.
- The company’s strategy of underbidding competitors helped them win more contracts.
- He regretted underbidding on the house renovation project.
- Underbidding can be risky if you don’t calculate expenses properly.
- The art dealer was underbidding to test the seller’s minimum price.