What is the difference between a negotiated price bidding process and a low-bid bidding process? In a negotiated price process, the price is set and the first contractor to bid for the work gets the job, but in a low-bid process, the
contractor with the lowest bid wins.
O
In a negotiated price process, the contractor that can show the best qualifications wins, but in a low-bid process, the contractor with the
lowest bid in terms of price wins.
In a negotiated price process, the price is flexible, but in a low-bid process, bidding continues until a bidding contractor bids low enough to
reach a set price for the project.
O In a negotiated price process, the projects are large, but in a low-bid process, the projects are small with smaller budgets,