Bid selection is the process of evaluating and choosing the most suitable bid from a pool of potential contractors responding to a bid solicitation for a construction project. Selections are often based on multiple factors such as pricing, experience, reputation, and compliance with project requirements.
The selection process also includes reviewing the contractor's past projects and references to determine their ability to deliver quality work on time, within the given budget, and meet the client's expectations. The successful bidder is typically awarded the contract and becomes responsible for executing the project as per the agreed upon terms and conditions.
Effective bid selection can significantly impact the overall success of a construction project by ensuring that the contractor selected is the most qualified and capable of delivering a successful outcome.
Related Terms: Bid Package, Bid, Bid Solicitation
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