5. Bidding & Negotiation Phase (BN)
“Arriving at a contract for construction”
If the project is to be bid, competitive bids are solicited from a number of contractors after the Construction Documents are finished. You have the option of accepting one of the bids as given, rejecting all bids, or negotiating a modified bid with one of the bidders. You are not obligated to accept the lowest bid, nor are you obligated to accept any of them.
Alternatively, you may choose to select a single builder and negotiate an agreement with him.