IBM lost contract for bidding too low
Credit:
http://en.wikipedia.org/wiki/IBM
IBM lost a lucrative government contract because it made a bid for the work which was a bit on the Finn side.
While most government contracts automatically go to the lowest bidder, it seems that the Finns were not particularly impressed with IBM.
The Finnish Tax Administration wanted to replace 70 tax systems with a big single system. It controversially selected the Fast Enterprises' Gentax taxation software, along with Finnish-Estonian Nortal, which plans to implement the project for €62 million with the overall price of procurement running around €226 million over 15 years.
