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Real Estate Glossary

Bid and Award Process

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Written by Luis Escobar

This is a process in which the owner solicits a number of bids from varying subcontractors for a certain project. Once the subcontractors have responded to the owner’s bid requests, the general contractor will award the contract to a selected group after requesting additional information or conducting interviews.

This is a process in which the owner solicits a number of bids from varying subcontractors for a certain project. Once the subcontractors have responded to the owner’s bid requests, the general contractor will award the contract to a selected group after requesting additional information or conducting interviews.

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Luis Escobar

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