Outrageously Funny Word Dictionary :: Underbids

👉 Underbids in the context of procurement, specifically within a bidding process for goods or services, refers to an offer that is not accepted by the supplier. This means the bidder has made a non-binding offer and the supplier has responded with an acceptance offer. Underbids can be seen as a form of counter-offer, where the bid was initially rejected but subsequently increased in value due to a lack of interest from other bidders.

underbids