What is the usual intent behind bid peddling?

Bid peddling typically refers to a practice where a contractor or supplier seeks to undercut or outbid another party's original proposal or bid in order to secure a job or contract. The primary intent behind this practice is to lower the original price that has been presented. By offering a reduced price, the peddler aims to make their bid more attractive to the client, thereby gaining a competitive edge over others who have submitted bids.

In the context of bidding and contracting, the focus is often on obtaining projects at the best possible rates, which motivates participants to adjust their pricing strategy aggressively. While revealing original bids, establishing fixed fees, or finalizing contracts may involve considerations in the bidding process, they are not the main objectives of bid peddling. The essence of bid peddling lies in the effort to offer a more advantageous price to win the contract, clearly aligning it with the intent to lower the original price.