Question: Which statement is the most accurate in relation to cases involving tenders for a building project? A) If there is a process contract in such
Which statement is the most accurate in relation to cases involving tenders for a building project?
A) If there is a process contract in such a case, the contract always requires the principal to accept the complying tender with the lowest price.
B) Two contracts are formed in every case: the building contract, and the process contract governing how tenders are to be evaluated.
C) If there is a process contract in such a case, the principal must consider all tenders fairly and in good faith regardless of whether the contract expressly says something to that effect.
C) The principal has the obligation to consider all tenders fairly and in good faith regardless of whether there is a process contract.
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