In: Civil Engineering
Thompson’s proposal for a building construction contract was for $125,500. After finding that his bid was low, he checked his estimates and found that an item of $25,000 had been incorrectly recorded as $2,500 in making the summary of costs. Can he remove his bid? Is the contract likely to be valid? Why or why not? Explain your answer. To receive full credit, you should use the legal terms discussed in class.