What is the term for the practice of bidding very low to secure a tender, with plans to adjust costs later?
- AValue engineering
- BFront-loading
- CPredatory pricing
- DUnbalanced biddingCorrect
Solution
Concept
Bidding strategies
Step-by-step solution
1. Unbalanced bidding means quoting very low for some items and high for others.
Explanation
It is used to win the tender and recover money later through variations.
Why the other options are wrong
Front-loading is raising early rates; value engineering reduces cost without changing function.
Shortcut
Very low bid + later adjustment = unbalanced.
Correct answer: D) Unbalanced bidding