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  2. Construction bidding - Wikipedia

    en.wikipedia.org/wiki/Construction_bidding

    Depending upon the language in the bid proposal, a subcontracting construction company could make its bid final, and, if accepted, a legally enforceable contract is created. In these circumstances, upon determination by the general contractor that a bid is the lowest offer, it can accept the bid and, upon acceptance, a subcontractor cannot ...

  3. Construction contract - Wikipedia

    en.wikipedia.org/wiki/Construction_contract

    A cost plus contract states that a client agrees to reimburse a construction company for building expenses such as labor, materials, and other costs, plus additional payment usually stated as a percentage of the contract's full price. This type of construction contract is an alternative to lump sum agreements.

  4. Lump sum contract - Wikipedia

    en.wikipedia.org/wiki/Lump_sum_contract

    Typical Lump Sum Contract Structure. A lump sum contract in construction is one type of construction contract, sometimes referred to as stipulated-sum, where a single price is quoted for an entire project based on plans and specifications and covers the entire project and the owner knows exactly how much the work will cost in advance. [1]

  5. Construction hiring in 'wait-and-see mode' amid interest rate ...

    www.aol.com/finance/construction-hiring-wait-see...

    Data from the Labor Department showed that construction firms added 10,000 jobs in November following a modest gain of 2,000 jobs in October. Analysis from the Center for Economic and Policy ...

  6. Invitation to tender - Wikipedia

    en.wikipedia.org/wiki/Invitation_to_tender

    A tender announcement from the Indonesian Ministry of Finance. An invitation to tender (ITT, also known as a call for bids [1] or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been ...

  7. Don't make these holiday card mistakes this year: What to ...

    www.aol.com/dont-holiday-card-mistakes-know...

    A seasonal greeting card, whether handwritten on personalized Christmas stationary or typed out on a tasteful e-card, is one way to show family and friends you care about them this holiday season ...

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