The bid of an accounting firm shall not be less than the minimum charging rates prescribed by the local competent price department.
会计师事务所投标报价不得低于当地价格主管部门制定的收费标准下限。
2
He claims BMS used its insider knowledge about his proposal for a split (BMS has its own man on ImClone's board) to make a preemptive bid, so it could buy the firm at a cheaper price.