Underbid: meaning, definitions and examples
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underbid
[ ˌʌndəˈbɪd ]
business
To submit a bid lower than another bid in order to win a contract or project. Underbidding can lead to a decrease in quality or profit margin.
Synonyms
lowball, underprice, undersell
Examples of usage
- He underbid the competition to win the project.
- The company underbid on the contract and ended up losing money.
- If you consistently underbid, clients may question the quality of your work.
auction
To offer a lower price than the current bid in an auction. Underbidding can result in winning an item for less than its value.
Synonyms
Examples of usage
- She underbid at the auction and got the painting for a bargain.
- Don't be afraid to underbid at the auction, you might get lucky.
Translations
Translations of the word "underbid" in other languages:
🇵🇹 oferecer um lance mais baixo
🇮🇳 कम बोली लगाना
🇩🇪 unterbieten
🇮🇩 menawar lebih rendah
🇺🇦 поставити нижчу ціну
🇵🇱 przebić niższą ofertą
🇯🇵 低い値を付ける
🇫🇷 sous-enchérir
🇪🇸 ofrecer una oferta más baja
🇹🇷 daha düşük teklif vermek
🇰🇷 낮은 가격을 제시하다
🇸🇦 يقدم عرضا أقل
🇨🇿 nabídnout nižší cenu
🇸🇰 ponúknuť nižšiu cenu
🇨🇳 出价较低
🇸🇮 ponuditi nižjo ceno
🇮🇸 bjóða lægra
🇰🇿 төмен баға ұсыну
🇬🇪 უფრო დაბალი ფასის შეთავაზება
🇦🇿 daha aşağı qiymət təklif etmək
🇲🇽 ofrecer una oferta más baja
Word origin
The term 'underbid' originated from the combination of 'under' meaning below or less than and 'bid' referring to an offer or proposal. It is commonly used in business and auction contexts to describe the act of bidding lower than others to secure a contract or win an item at a lower price.