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underbid
/ˌʌndɚˈbɪd/
US
UK
verb
-bids; -bid; -bidding
[+ obj] :to offer to do work for less money than (another person or group) :to bid less than (someone else)
We
were
underbid
by
another
company
[=
another
company
offered
to
do
a
job
for
less
money
than
we
did
]
and
we
lost
the
contract
.