Last week, contractors and subcontractors bidding on Tennessee Department of Transportation projects received an alert from Brian Egan, TDOT Director of Construction, warning of a noticeable increase in unbalance bids.
While the rules differ among states, you should take Egan's warning to heart because the consequence of submitting of an unbalanced bid can be costly.
According the memo, some lump-sum bid items are being bid at significantly more than the estimated or anticipated actual expense.
