What is in place to ensure that a contractor does not submit a low bid and then raise the price after they win?
Commonly referred to as low balling, certain procedures are in place to ensure this type of activity does not occur. First, a well-written PWS that includes all the requirements with the appropriate performance measurements for each requirement is developed. Secondly, the evaluation criteria should be developed so that cost alone does not determine what contractor is chosen for the cost comparison with the MEO. Lastly, the source selection evaluation board will be knowledgeable enough to know whether or not a contractor is technically acceptable and the cost the contractor proposes is accurate with the PWS requirements.
Related Questions
- Scrip Code Open, High, Low and Last Traded Price Best Bid / Offer with Volume Traded Volume Close and Last Traded Quantity (Only for live feed) 2. What is Level 2 Data Feed?
- My buyers won the bid but bid more than the appraised value to ensure that they would win. Can they still buy the home for $100 down?
- What is in place to ensure that a contractor does not submit a low bid and then raise the price after they win?