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The fourth contractor submits a bid above the minimum price.
by ummonk 6y ago
The fourth contractor submits a bid above the minimum price.
- fastball 6y agoYes, sorry, I misspoke (edit: actually, I think you misspoke in your previous comment, and then I copied the mistake). But no, the fourth contractor did not submit a bid at a higher price. They did not submit a bid at all.
- ummonk 6y agoAh yes, indeed I did. I see your point too. Essentially, rather than contractors proposing prices and then clients accepting or moving on, if clients propose prices and then contractors accept or move on, it's still a market with negotiated rates.