CEE 3611 Lecture Notes - Lecture 29: Beedi
20 Apr 2016
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Lecture - 29: public and private sector bidding, bidding practices of the public and private sectors of the industry differ tremendously. Although the public owner has the ability to set particular rules and/or to change them by issuing an addendum to the bidding documents, this power is severely regulated. Those who violates the rules find themselves subject to both civil and criminal liability: basic principals behind most bidding statutes can be stated as follows: there must be sufficient advertising time between the first advertisement of the bid and bid opening so that prospective bidders know about the project and have sufficient opportunity to prepare their bids. the bidding documents must be sufficiently clear and detailed to assure free and oen competition. the purpose of this requirement is to assure that each bid received represents a price tendered by each individual bidder to construct the identical project.
