Unbalanced Bid, Mathematically
Defined in the standard specifications of 2 state transportation agencies. Each definition below is the agency’s own text, with the section it comes from — they do not all say the same thing, and on a contract the difference is the point.
Definitions are quoted from state-authored public specification books. This page carries no I-Code-derived terms.
A bid containing lump sum or unit bid items that do not reflect reasonable actual costs plus a reasonable proportionate share of the bidder’s anticipated profit, overhead costs and other indirect costs. Will. When used in the contract documents, states a mandatory duty on the part of the engineer or department or on the part of both the engineer or department and the contractor, which is indicated by the context of use. USA. Any of the 50 states, the District of Columbia, Puerto Rico and any other territories and possessions of the United States of America. Work. The furnishing of all labor, material, equipment and other incidentals necessary or convenient to the successful completion of the project and the carrying out of all of the duties and obligations imposed by the contract. Working Drawings. Stress sheets, shop drawings, erection plans, falsework plans, framework plans, cofferdam plans, bending diagrams for reinforcing steel or any other supplementary plans or similar data which the contractor will be required to submit to the engineer for approval.
Section 101 — Definition of Terms →A Bid containing unit bid items that do not reflect reasonable costs plus a reasonable proportionate share of the bidder’s anticipated profit, overhead costs, and other indirect costs. See 102.08. Unit (Lump Sum). A single amount basis of payment for a complete Contract item as defined by the Contract.
Section 101 — DEFINITIONS AND TERMS →