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Contract AdminPreconstructionmedium27% of exam part

A fire pump quote expires before the expected award date. What should the estimator do?

Correct Answer

B) Address expired quote risk

Quote validity affects whether the price can be relied on in the bid.

Answer Options
A
Assume the expired quote is binding
B
Address expired quote risk
C
Use the bid bond as vendor price protection
D
Move pump pricing to warranty

Why This Is the Correct Answer

Quote validity affects whether the price can be relied on in the bid.

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