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Low Bidder Limbo: When the Low Bid Is Too Low

November 10, 2009

You’ve just received bids on a construction project estimated (by your engineer) to cost about $2 million.  The lowest bid is for $1.5 million, and the next highest bid is $1.9 million, with the other bids ranging from $2.1 million … Read more

Prequalification: Good, bad, or indifferent?

October 20, 2009

Your local government is planning a major construction project, and the engineering firm working with you on the project has strongly recommended prequalifying contractors before bidding.  The engineer tells you that this will ensure that the bids you receive are … Read more