What is the difference between a negotiated contract and a competitive bid?
In a negotiated contract situation, the relationship between the owner, architect, and contractor is one of cooperation and trust. The contractor is part of the team and works with the architect to identify errors or omissions that otherwise may occur in the development of the working drawings. For example, the contractor would . . . * make sure the structural plans match the architectural plans, * assist the architect in making the most economical decisions for product selections and specifications based on the owner’s intended use and life-cycle costs, and * provide accurate conceptual estimates before the entire set of working drawings is complete. In a competitive bid process, the contractor provides only a price on the plans and specifications provided by the architect. The goal is to find the lowest possible price. However, in order to keep the initial price as low as possible and win the bid, contractors are forced to interpret the drawings to provide the minimum quality necessa
Related Questions
- If an employee leaves state service, is there any time period during which he or she cannot submit a bid for a contract for service currently performed by state employees?
- What is the difference between a negotiated contract and a competitive bid?
- What is better competitive bid or negotiated contract?
