Quote:
Originally Posted by Tealeaf
It means that if a company is prepared to put togeather a legal document expressing their interest in tendering for a contract or project which is subsequently cancelled then they can then recoup the costs.
It all relates to the public sector and ignores any risk element in bidding which is to be found in the private sector.
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Thanks , so its a refundable "pre selection bid" and if 20 or 30 different companies had shown an interest they would all get their money back even though only one would be finally selected for each particular phase .
Just seems a bit odd , know that in my area if a County asks for bids and they come back too high they can be rejected and put out to tender again at no cost to the County