The Town of Oxbridge wants to build a new arts centre, but it is not sure which construction company it should hire for the job.Which type of action is the town most likely to make?

Question

Quizplus · Accepted Answer

A call for tenders is a common method used to solicit bids from different construction companies. The town can then evaluate each bid and select the vendor that offers the best value for the project. This process ensures that the town can get competitive prices, quality service, and the best quality materials for the new arts centre. An auction is not relevant in this context as it is mainly used for the sale of goods or property to the highest bidder. An option is a contract between two parties, and an irrevocable bid is a type of offer that cannot be withdrawn once it has been made. A request for invitations to treat is an indication of the willingness to negotiate a contract, and it is not relevant in this context as the town is looking for a specific service provider.

The Town of Oxbridge Wants to Build a New Arts