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OurnalNews JThe$1.5016 PagesThe Newspaper of Record for Montgomery CountyHillsboro, IL 62049Volume 172, No. 37Monday, September 18, 2023Low Bid For High School Comes In At $28.2 Million Two contractors
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Research the market rates for the service or product you are offering.
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Low bid for high is a bidding strategy used in procurement where a contractor or service provider submits a bid with a competitive low price in order to win a contract, while aiming to achieve high quality in delivering the services or products.
Typically, contractors, vendors, or service providers who wish to participate in a bidding process for government or corporate contracts are required to file low bid for high.
To fill out a low bid for high form, bidders need to provide their proposed prices, details about the services or products being offered, as well as any necessary documentation that demonstrates their capability to deliver high quality.
The purpose of low bid for high is to ensure that contracts are awarded not only based on cost but also assure that the selected contractor can provide high-quality work or products.
The information that must be reported on low bid for high includes the bidder's pricing, scope of work, qualifications, references, and any proposed timelines.
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