You’ve just submitted your bid to the owner and discovered your estimator’s mistake that caused you to bid 10% lower than you otherwise would have. Can you obtain relief or withdraw your bid?
Contractors often pursue projects using a JV approach. The term, “joint venture,” (or JV) can mean different things. This column examines different JV approaches and their advantages and disadvantages.
In my February 2006 column, I wrote about waiver under Texas law and how contracting parties may intentionally, or unintentionally, waive their rights.