Jones Construction asks for bids for subcontracts on a building it is to construct.The successful bid will be an acceptance of Jones's offer.

Name: Jones Construction asks for bids for subcontracts on a building it is to construct.The successful bid will be an acceptance of Jones's offer.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In a bidding process, the bid submitted by a subcontractor is considered an offer, and the acceptance of that bid by Jones Construction would form a contract.

Jones Construction Asks for Bids for Subcontracts on a Building