Construction Proposals Definition
A construction proposal is a written offer from a bidder to the owner, preferably on a prescribed proposal form, to perform the work and to furnish all labor, materials, equipment and/or services for the prices and terms quoted by the bidder. A proposal form may be used, which is a standard written form furnished to all bidders for the purpose of obtaining the requested information and required signatures from the authorized bidding representatives.
Many government projects are required to solicit bids so that contracts are awarded on a fair and competitive basis. Using a bidding process can lessen the charges of discrimination or conflicts of interest in the awarding of public contracts. The bid submitted must conform to the applicable requirements of content, form, and timeliness in order to be considered.
© Copyright 1997-2022 US Legal Forms - All Rights Reserved, a USLegal™ site.