Article Date: 10/10/2009

HOLDING SUBS AND SUPPLIERS TO THEIR PRICE QUOTATIONS

A contractor's bid typically incorporates a number of price quotations from prospective subcontractors and suppliers. If the contractor's bid is successful, the profitability of the contract will depend in part on the ability to hold those prices firm. This in turn will depend on the contractor's own course of conduct. The ability to enforce a pre-bid ... Log in to view the full text.

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