A contractor says that he intends to low-ball the bid and make up for it on change

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A contractor says that he intends to “low-ball the bid and make up for it on change orders.” What does he mean?

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Intermediate Microeconomics

ISBN: 978-0393934243

8th edition

Authors: Hal R. Varian

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Question Posted: Feb 25, 2019 06:41 AM

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A contractor says that he intends to low-ball the bid and make up for it on change

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He means that he will bid low in order t...View the full answer

Intermediate Microeconomics

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