Question: Question 15: (10 points) Mivida Developments is planning for the construction of its new residential project and received bids from contractors for the project on

Question 15: (10 points) Mivida Developments is planning for the construction

Question 15: (10 points) Mivida Developments is planning for the construction of its new residential project and received bids from contractors for the project on December 1n, 2023. Meanwhile, Mivida has been working on getting the necessary building permits, which are delayed. Mivida finally receives the permits and awards the project to a bidder on February 55,2023. Is the bidder bound to perform the project? What is the issue and how can it be avoided

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