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Glossary Residential Construction / Term

Bid shopping

A practice by which contractors, both before and after their bids are submitted, attempt to obtain prices from potential subcontractors and material suppliers that are lower than the contractors' original estimates on which their bids are based, or after a contract is awarded, seek to induce subcontractors to reduce the subcontract price included in the bid.

Permanent link Bid shopping - Creation date 2021-03-05


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