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A 2010 UPDATE ON NEW CALIFORNIA LAWS THAT IMPACT THE CONSTRUCTION INDUSTRY
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Bidding, Mistaken Bids, Withdrawal of Bids, Bid Bond Claims and Bid Disputes
Withdrawing a Mistaken Bid
Posted by: William Last
May 08, 2008
In the fast paced process of gathering information for a bid and then submitting it to another party, it is not uncommon for errors to be made. If a contractor does act comply with the rules for withdrawing a faulty bid before it is accepted he or she may incur substantial losses on the project. This article will discuss the bidders right to withdraw a bid and the rights of the party who received the defective bid to enforce it
