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Construction

Jan. 11, 2000

Reasonable Reliance

A subcontractor must honor its bid when a prime contractor reasonably relies on it. Page 7. Reasonable Reliance When Must a Subcontractor Honor Its Bid?

By Bernard S. Kamine and Milene Chraghchian
        One half-hour before bid time, a subcontractor faxes a sub-bid to a prime contractor. It is lower than any other sub-bid for that trade. The prime contractor uses the sub-bid to compute its own bid. The prime's bid is low, and the owner awards the contract to it. The prime contractor sends its standard subcontract to the subcontractor, but...

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