Low Bidder
Low bidder definition. Understand the importance and risks of being the contractor with the cheapest price on bid day.
Calculation Formula
Low Bid = Min(Bid_1, Bid_2, ... Bid_n) Low bidder definition. Understand the importance and risks of being the contractor with the cheapest price on bid day.
Low Bid = Min(Bid_1, Bid_2, ... Bid_n)