Question: Contract A is formed when a contractor submits a compliant bid in response to an invitation to tender. The principal terms of Contract A are

Contract A is formed when a contractor submits a compliant bid in response to an invitation to tender. The principal terms of Contract A are the irrevocability of the tender during the acceptance period provided for in the request for tenders (RFT), and the obligation of both parties, if the tender is accepted, to enter into a contract (Contract B), on the terms set out in the RFT. The obligation of the parties to enter into Contract B arises from Contract A and is not dependent upon communication of the acceptance from the owner to the contractor. a) What events give rise to a contract under an invitation to tender? b) And if a contract arises, does it oblige the Owners and the bidders to always enter Contract Bthe building contract, or could you see any exceptions? c) In you opinion, would you change this principle, and why?

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