underbid
verb (underbids, underbidding; past and past participle underbid) /ʌndəˈbɪd 
/ [with object]
/ [with object]1(In an auction or competitive tendering) make a lower bid than (someone): they were underbid by competitors who charged less (as noun underbidding) underbidding for contracts is a road to ruin...
- He's talking about American workers being underbid in the global labor market.
- Their whole business model is about bringing in inexpensive foreign labor so they can underbid their rivals.
- This worsens the trade deficit and helps these companies underbid rivals.
2 Bridge Make a lower bid on (one’s hand) than its strength warrants: the average player underbids his small hands...
- Since declarer's side in a ‘no seven’ game can choose when to bring the game to a close, they can certainly arrange to lose; thus there will be no underbidding for the right to be declarer!
noun /ˈʌndəbɪd /
/A bid that is lower than another or than is justified.
Derivatives
underbidder
/ noun ...- The purchaser was Phelim Coyle from Cootehill, Co. Cavan who paid €13,200 to secure this heifer from many west of Ireland underbidders.
- The underbidders, including Paddy Kelly and Derek Quinlan, are expected to bid for the Berkeley Court and Montrose hotels, which the Jurys Doyle board has decided to place on the market.
- Sadly for Charles, his clients always tended to be underbidders in the great Victorian energy sell-off.