A Bid is best described as which of the following?

• A. Offer to perform a contract for work or to supply materials or goods at a specific price.
• B. A formal request for information.
• C. A change order.
• D. A request for proposal.

Answer: (A)

In construction procurement, a bid is an offer to perform a contract for the work or to supply materials or goods at a specific price. Contractors submit bids in response to a bid invitation, presenting the proposed price (often with related schedule and terms). If the owner accepts the bid, that price becomes the contract price and the contractor is obligated to complete the work as specified.

This distinguishes a bid from other documents: an information request seeks clarifications about the project, a change order modifies an existing contract, and a request for proposal invites proposals that include both technical approaches and pricing but aren’t just a simple price offer.