underbidder
1
6.7
A person or company that offers a lower price than others but does not win a contract
- noun
- /ˈʌndərˌbɪdər/
:
ofertante inferior
- "Probably what we should have said is that this was one of three from that sale, but we didn't," remarked Tobias Meyer, the worldwide head of Sotheby's contemporary art, who also represented the underbidder over the phone during Friday's battle for the record-breaking Richter in London.
Examples
-
He was disappointed to be the underbidder for the rare painting, as he had hoped to win.
-
At the auction, she was the underbidder, offering a lower price than the winning bidder.
-
As an underbidder on the contract, the company learned valuable strategies to improve their next bid.
Synonyms
underseller
vsunderbidder
6.8
A person or shop that offers goods at lower prices than others
offers a lower price when competing but still loses the contract or auction
How Low
underbidder
1
6.7
1
6.7
bidder
74
3.0
74
3.0
Surface Forms
underbidder singular
underbidders plural
Morphology
Etymology
The word underbidder is made from under ('below') and bid ('an offer of money'). So an underbidder is someone who offers a lower price than others, which is why the word means the person who makes the lowest offer in a competition or auction.