Your construction bid should be formatted formally. You should include a heading, recipient information, a detailed list of services, the base bid amount, and payment terms. Depending on the bid, you may also include sections like alternative prices, unit prices, and allowances.
The bidding process Step 1: Bid solicitation. Step 2: Bid preparation and submission. Step 3: Bid evaluation and selection. Step 4: Contract negotiation. Step 5: Project delivery.
Formal Bids are those that are obtained by written solicitation. The bids are received in writing by a set date and time. The bids are publicly opened by the Purchasing Department. The written bids and bid summary are maintained by the Purchasing Department.