low bid

low bid

A bid stating the lowest bid price, including selected alternates, and complying with all bidding requirements.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
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The $103.9 million apparent low bid from the joint venture of Hoffman Construction and PCI Roads blew past MnDOT's estimate of $75 million to $85 million for the project, which will rebuild and expand 14 miles of I-94 between Monticello and Clearwater.
'It is proven that low bid invites high competition, minimum quality and low performance in any given project, said the General Secretary of Construction Association of Bhutan (CAB),' Wangdi Gyeltshen.
COVENTRY'S owner has rejected an "extremely low bid" from a consortium led by former chairman Gary Hoffman in the latest attempt to take over the League One club.
Glenn Clarida of Marion-based Clarida and Ziegler Engineering said the bids on the Halfway Road sidewalk ranged from a high of $240,141 to Marion Concrete's low bid of $144,311, versus the engineer's estimate of $169,384.
Most recently, in late January, the Green Bay-based company PTS Contractors offered a low bid of $7.5 million for the third phase of a sanitary-sewer project near the plant's site.Dorner Inc., of Luxemberg, also offered a low bid of $1.6 million for the construction of a water main on the newly established Wisconn Valley Way.
The project was bid earlier this year, with Frontier-Kemper providing the low bid. The customer subsequently opted to re-bid the project, and Frontier-Kemper was again designated as the low bidder.
The Baggies value the former England keeper, 35, at around PS10-12m and are angry that Watford have demeaned him with such a low bid.
'We have to pay some mobilization fund-that's normal, but we will try to eliminate the potential bidders who are just there to get a low bid,' Dominguez said.
He also acknowledged submitting the winning low bid on behalf of an unlicensed subcontractor--actually his employee--and forged her name on an IRS document.
All three were opened a week earlier by selectmen and the bids were taken under advisement for a week to determine if the apparent low bid by Premier Fence met all of the bid requirements.
The low bid came in at around $27.5 million, according to Sue Sherwood of Wendell Engineers.