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Week 38, 2020
As a general contractor you can rely on your subcontractor’s bid on bid day as a binding agreement. But not in all states. Read on to learn about protection granted by the Doctrine of Promissory Estoppel. 

There’s a reasonable chance you can get whole on the difference between the bid day subcontract price and the one you had to actually contract with on the project because your subcontractor did not honor his quote from bid day.
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Have you ever taken a loss due to a subcontractor rescinding their bid to you:

A. Yes. And we chased him for it.

B. Yes. And we just ate it.

C. Nope. And hope never to run into that scenario.

D. We're a sub, but for the record we've never had to rescind a proposal.

E. We're a sub, and make sure to tell the GC before the bid that we can't honor our quote.
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Decades of experience in heavy/civil, WWTP, WWPS, site, utility, bridge/roadway, and environmental work in the public and private sectors. We are project management, estimating, financial, operational, and information technology professionals.

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