The Weitz Company, a general contractor, received an invitation to bid on a planned nursing facility. H
Question:
The Weitz Company, a general contractor, received an invitation to bid on a planned nursing facility. H & S Plumbing and Heating submitted a bid to Weitz for the plumbing work, as well as the heating, ventilation, and air conditioning parts of the job. Weitz’s bid to the project owner incorporated the amount of H & S’s bid. Because the bid was speculative, there was no contract formed between Weitz and H & S at that point. After the owner awarded the project to Weitz, H & S refused to honor its bid. Weitz completed the project with different subcontractors at greater expense. Does Weitz have any recourse against H & S to recover the lower profit margin that resulted from H & S’s refusal to honor its bid?
Step by Step Answer:
Business Law The Ethical Global and E-Commerce Environment
ISBN: 978-1259917110
17th edition
Authors: Arlen Langvardt, A. James Barnes, Jamie Darin Prenkert, Martin A. McCrory