Question: Ohio Tech recently put out to bid a Request for Proposal to renovate its on - campus basketball arena. Sedano Construction won the bid with

Ohio Tech recently put out to bid a Request for Proposal to renovate its on-campus basketball arena. Sedano Construction won the bid with an estimated cost of renovations at $1,000,000. Sedano anticipates that materials and labor will cost them $700,000.
Suppose before Sedano begins work on the renovations that the company's shareholders vote to close down the business. Ohio Tech is then forced to accept the $1,200,000 bid from another bidder. If Ohio Tech sues Sedano for material contract breach, what would be the most appropriate economic damages for a court to award?
Group of answer choices
$0
$100,000
$200,000
$1,200,000

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