A lump sum to cover bid sureties, filed with the City Auditor's Office for contractors who bid frequently on City projects. The bid that is of the lowest dollar value, but has not yet been screened for compliance with other bid requirements.
Training usually lasts about four years.
Upon completion, apprentices become journey persons. Bid also includes a proposal where a solicitation of competitive proposals or offers is utilized for procurement when specification and price will not necessarily be the predominant award criteria. Any individual, partnership, or corporation that submits a proposal in response to a request for specific goods or services. A sum of money submitted with a bid to guarantee the bid is irrevocable until a specified date. May be in the form of a bid bond, annual bid bond, cashiers check, or other form approved by City Code.