Last week, contractors and subcontractors bidding on Tennessee Department of Transportation projects received an alert from Brian Egan, TDOT Director of Construction, warning of a noticeable increase in unbalance bids [pdf]. While the rules differ among each state, you should take Egan’s warning to heart since the consequence of submitting of an unbalanced bid can
How Do Courts Treat Unbalanced Bids in Public Contracts?
It’s a story you have heard many times: There is an invitation for bids. There are numerous bidders … more than usual. The lowest two or three bids simply don’t make mathematical sense. On paper, it must be an unbalanced bid or an unreasonably low offer. What can you do?
Although a few