contractor bids
Builder price quotes
Contractor bids are formal proposals submitted by contractors offering to complete a project at a specified price.
In construction and government contracting, multiple contractors typically bid on the same job, and the client selects based on price, qualifications, or both: We received three contractor bids for the renovation.
The bidding process aims to ensure competitive pricing and transparency.
- request for proposalSolicitation for competitive bids
- proposalFormal plan for consideration
- cost estimateProjected expense calculation
- estimateInformed guess at quantity
- quoteRepeated words from another
tender · subcontractor · construction · project · pricing · negotiation · award · lowball · competitive · submittal · deadline · scope · scope creep · change order · punch list · specifications · builder · renovation
contractor bidsbinding agreement
Enforceable mutual commitment
contract execution · work order · purchase order · letter of intent
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