How Does Construction Bidding Work?
The construction bidding process for large public works projects is not quite the same as the process for bidding on smaller, private projects, but they share certain elements. That’s because the end goal is essentially the same—finding a qualified, affordable contractor. Sometimes that means choosing the contractor offering the lowest bid, but more often it means awarding the contract to the bidder offering the best value—the best combination of technical qualifications and cost. To arrive at that decision, project owners go through a series of steps in a predictable order. Here is some important information to know about how construction bidding works.
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