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Contingency Doesn’t Exist When Low Bid Wins

Contingency Doesn’t Exist When Low Bid Wins

by Gaurav Mehrotra | Feb 2, 2021 | Estimating, News, Podcast

Executive Summary When an owner determines the method of award is that the low bid wins, they shouldn’t expect contingency in a contractor’s bid. Here’s what they should expect. What is Contingency? If you go to google.com and type in “definition of contingency” you...

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