A glass supplier’s offer states that its price expires five days before the expected award. No extension or price commitment has been agreed. What should the estimator do before submitting the bid?
Correct Answer
B) Address quote validity or carry escalation risk before submitting the bid
Seek a documented validity extension or updated quote covering the expected commitment date. If the supplier will not hold the price, account for that risk using the bid’s permitted pricing and qualification rules. An expired offer must not simply be assumed available; a bid bond does not lock a supplier’s price.
Why This Is the Correct Answer
Seek a documented validity extension or updated quote covering the expected commitment date. If the supplier will not hold the price, account for that risk using the bid’s permitted pricing and qualification rules. An expired offer must not simply be assumed available; a bid bond does not lock a supplier’s price.
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