3. Smith’s bid of $542,000 was the lowest on a construction project that was advertised. The...

3. Smith’s bid of $542,000 was the lowest on a construction project that was advertised. The cost of the largest construction contract which Smith had previously performed was $78,000. What should the owner do to determine whether or not to let the contract to Smith?

Expert Solution

Ally Wells answered 10 months ago

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