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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. Early contractor involvement - Wikipedia

   en.wikipedia.org/wiki/Early_contractor_involvement

   In traditional construction contracts (known as design–bid–build contracts) the principal contractor is only engaged when a detailed design is complete. An invitation to tender is published and a number of contractors will price the construction of the design, from which a single winner will be chosen to complete the works. Contractors are ...

4. Bid and proposal - Wikipedia

   en.wikipedia.org/wiki/Bid_and_proposal

   Often in official use of these two terms, a "bid" supposes the limits or scope of work is similar, and usually the lowest bid is awarded work, especially in government contracts. Proposals mean the entity is fully aware of the details and that the scope of work may vary, and the work is awarded to the best "plan" rather than simply the lowest ...

5. Bill of quantities - Wikipedia

   en.wikipedia.org/wiki/Bill_of_quantities

   A bill of quantities is a document used in tendering in the construction industry in which materials, parts, and labor (and their costs) are itemized.It also (ideally) details the terms and conditions of the construction or repair contract and itemizes all work to enable a contractor to price the work for which he or she is bidding.

6. Project delivery method - Wikipedia

   en.wikipedia.org/wiki/Project_delivery_method

   In Design-Bid-Build, owner develops contract documents with an architect or an engineer consisting of a set of blueprints and a detailed specification. Bids are solicited from contractors based on these documents; a contract is then awarded to the lowest responsive and responsible bidder. This is the traditional model for public sector ...

7. Construction contract - Wikipedia

   en.wikipedia.org/wiki/Construction_contract

   The owner, often referred to as the 'employer' or the 'client', [1] has full authority to decide what type of contract should be used for a specific development to be constructed and to set out the legally-binding terms and conditions in a contractual agreement. [2] A construction contract is an important document as it outlines the scope of ...