I am assured that there is no question of underbidding.
Again the merchants have been using their position to underbid the maximum price, and they have been making excessive profits, often from £5 to £6 per animal.
As a result of all the pressure, companies are underbidding to obtain contracts.
The underbid is said to have been 12 million dollars.
It underbid because, like everyone else in the market, it did not realise what the companies would be worth once the privatisation programme had proved a great success.
Players who underbid score only one point for each trick.
Players who underbid or overbid lose the amount of the bid, plus ten points for each trick under or overbid.
Insiders may resist competition with outsiders by refusing to cooperate with or harassing outsiders who try to underbid the wages of incumbent workers.
