Friendly Fire: Recovering from Bid Mistakes (CM4210_Ch12)
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Friendly Fire: Recovering from Bid Mistakes (CM4210_Ch12)
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About this listen
This is a voyage through a B.S. in Construction Management. Welcome to Send It. The Firm Bid Rule means that once you pull the trigger on a bid, you can't call the bullet back—unless you know the Doctrine of Mistake. In this episode, JC explains the critical difference between a Clerical Error (which might get you out of jail) and a Judgmental Error (which leaves you holding the bag). We also execute a deep dive into Promissory Estoppel—the legal doctrine that prevents your subcontractors from backing out of their quotes at the last minute. Learn the "Six Tests for Withdrawal" and how to protect your bottom line from self-inflicted wounds.
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