Print Page   |   Contact Us   |   Sign In   |   Become a Member
Construction Contract Bid Errors
Tell a Friend About This EventTell a Friend

When: Friday, February 19, 2016
1:00 PM
Where: Online Webinar
United States

« Go to Upcoming Event List  

Lorman Education Webinar.  Approved for 1.5 CPD Credits.  Register online for a discounted rate. 


Don't let a bid error cost you a job.


In competitive bidding, it is not uncommon for a mistake to be made by a bidder. More often than not, this occurs in the rush to put the bid together before the public bid opening. Sometimes the mistake is the result of simple miscalculation; other times the mistake is the product of poor judgment. Whatever the cause, a defective bid may subject the contractor to potential liability, resulting in substantial monetary damages. This topic helps owners, prime contractors and subcontractors understand consequences of a defective bid and potential remedies in both public and private projects. The topic also explains the various bid bonds available.


Learning Objectives

- You will be able to define both clerical and judgmental unilateral mistakes and mutual mistake.

- You will be able to identify potential solutions for your clients embroiled in a bid mistake on both public and private projects.

- You will be able to recognize the strengths and weaknesses of you or your clients' bid mistake to provide sound counsel.

- You will be able to explain the various types of bid bonds and the pros and cons of each.


more Calendar

Best Practices in Bidding Construction Projects

Construction Project Accounting

Featured Members
Online Surveys





Membership Management Software Powered by YourMembership  ::  Legal