L. Bid Price

The total of all Bid Item Prices for a bid submitted by a Bidder. M. Bid Proposal. The written offe r from the Bidder submitted on the Bid Form or electronic media presenting Bid Prices for Work and Materials necessary to complete the proposed Project. (1) Standard Proposal. The offer of the Bidder to perform the Work described in the Plans and Specifica tions within the Contract Time, and to provide the labor and Materials at prices quoted by the Bidder. (2) A+B Proposal. Outlines the Bid Price (element “A”) and the Bidder’s estimated construction time (element “B”). The Department will assign a value to each day of the construction time. The sum of the assigned values multiplied by the number of days bid is added to the Bid Price.