Common use of Errors in Bids Clause in Contracts

Errors in Bids. Respondent shall be bound by its bid even though the bid is based on an erroneous calculation, and Respondent shall have no right to withdraw its bid after the Response Deadline on the basis of an error in calculation of its bid. Carelessness in quoting prices, or in preparation of bid, will not relieve the Respondent in case of errors. Erasures or changes in bids must be initialed.

Errors in Bids. Respondent shall be bound by its bid even though the bid is based on an erroneous calculation, and Respondent respondent shall have no right to withdraw its bid after the Response Deadline on the basis of an error in calculation of its bid. Carelessness in quoting prices, or in preparation of bid, will not relieve the Respondent respondent in case of errors. Erasures or changes in bids must be initialed.