Give the guidelines in case you suspect the existence of a serious imbalance in the lowest bidder's proposal?
Give the guidelines in case you suspect the existence of a serious imbalance in the lowest bidder's proposal?
Fundamentals Of Construction Estimating
4th Edition
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Pratt, David J.
Chapter13: Pricing Subcontractors' Work
Section: Chapter Questions
Problem 7RQ
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Question
Give the guidelines in case you suspect the existence of a serious imbalance in the lowest bidder's proposal?
Expert Solution
Step 1
Guidelines in case you suspect the existence of a serious imbalance in the lowest bidder's proposal :
1.When bidder estimate for the proposal is not comparable to market price.
2.When it is comparable to other bidders, its estimate is very low on various parameters of the proposal.
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