The lowest bidder is an individual or corporate entity who has been engaged in competition of bidding against other individuals and businesses for an employment opportunity with a potential client for the equity or right to offer goods and services of something, who has voiced with a verbal or written contract that they will accept the lowest quoted quantity of payment in return for services rendered. In order to outdo competing firms, said individual or corporate organization often has to cut corners while fulfilling their contractual agreement but the trick is to fool the client into thinking this will not adversely affect the quality of workmanship or the final result.

This is usually found to not be true. See for example NASA, Apollo 13, Lunar Excursion Module and Challenger Explosion for more details.

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