Posts Tagged ‘bid withdrawal’

Low Bidder Limbo: When the Low Bid Is Too Low

Tuesday, November 10th, 2009

You’ve just received bids on a construction project estimated (by your engineer) to cost about $2 million.  The lowest bid is for $1.5 million, and the next highest bid is $1.9 million, with the other bids ranging from $2.1 million to $2.3 million.  After reviewing the bids, you think the lowest bidder must have made […]