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"Flooring"

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"Flooring"

Post by vinz777 on Thu Oct 06, 2011 12:38 am

Is it possible that the PE will set a "flooring" on the admin overhead to prevent the bidders to put in "0" to the admin overhead?

Example: Admin overhead shall not be below 12%.

Can the BAC have their own rule that if a bidders admin overhead is below 12%, then the biddiers will be disqualified? The value of the "flooring" will not be divulged to the bidders but instead the BAC will inform the bidders that they have set a "flooring".

Thank You

vinz777
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