Fudd Associates, Inc. submits a bid for $20 million. Mr. Fudd discovers at bid opening that all
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Fudd Associates, Inc. submits a bid for $20 million. Mr. Fudd discovers at bid opening that all other bids are over $25 million. It is obvious that there is a mistake in his cost estimate. Could he withdraw his bid after all bids are opened, but no winner has been declared? Why? What circumstances would make you change your answer?
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ANSWER In general a bidder may request the withdrawal of a bid after bid opening but before the contract is awarded if there is a valid and justifiabl...View the full answer
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Related Book For 
Construction Management
ISBN: 9781119256809
5th Edition
Authors: Daniel W. Halpin, Bolivar A. Senior, Gunnar Lucko
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