Definition of "underbid" []

• To bid lower than (a competitor). (verb-transitive)
• Games To bid less than the full value of (one's hand) in bridge. (verb-transitive)
• To make an unnecessarily low bid. (verb-intransitive)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "Companies affiliated with the Guard are large enough to underbid competitors and are generally favored in the bidding process for large contracts."
• "Surely, an 'efficient' private company can underbid the government option!"
• "Fixed fees ensure your earnings, however, since assignments are notoriously underbid and, in competition with other firms, you will only make real profit in cases where the client changes their original request and, unfortunately, this gives the client a bad taste."