Say a contractor makes a substantial mistake in a bid. Is the contractor required to perform the work for its bid price in spite of such an error or should the contractor be able to withdraw the bid?
What if the error could potentially cause an undue hardship for the contractor, subcontractors, and suppliers? Could this make a project successful or is it doomed to fail from the beginning?
So let’s say a contractor claims to have made a large error and wishes to withdraw the bid.
- Should a bid be able to be withdrawn before the bid opening?
- Should the contractor still be able to withdraw their bid after the opening?
At what costs?
In what time frame should this happen?
- If the contractor does withdraw its bid, how should the remaining contractors’ bids be received?
- Can a contractor alter their bid instead of completely withdrawing it?
Let me know your thoughts.
