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It's equivalent to submitting a lower bid. (The point is moot though because apparently Uber rolled out a feature that allows drivers in California to set thei
by ummonk 6y ago
It's equivalent to submitting a lower bid.
(The point is moot though because apparently Uber rolled out a feature that allows drivers in California to set their rates).
- fastball 6y agoA town wants a bridge built. They set a maximum price. Three contractors submits bids. They are all at the maximum price – instead the contractors differentiate themselves based on quality of previous work and distance to the construction site. A fourth contractor thinks the price is too little and rejects it outright. The fourth contractor has "submitted a lower bid"?
- ummonk 6y agoThe fourth contractor submits a bid above the minimum price.
- fastball 6y agoYes, sorry, I misspoke (edit: actually, I think you misspoke in your previous comment, and then I copied the mistake). But no, the fourth contractor did not submit a bid at a higher price. They did not submit a bid at all.
- ummonk 6y agoAh yes, indeed I did. I see your point too. Essentially, rather than contractors proposing prices and then clients accepting or moving on, if clients propose prices and then contractors accept or move on, it's still a market with negotiated rates.