Construction bidding

Construction bidding is like a game where people called contractors try to win a job to build something. The people who want the building made, called owners, ask the contractors to tell them how much money they need to pay for the job. This is called a bid.

The owners then compare all the bids to figure out which contractor they want to hire. The contractor with the lowest bid usually wins, but the owners also check to make sure they can do a good job, even if it costs a little more money.

When a contractor makes a bid, they have to consider a lot of things. They need to think about how much it will cost to buy all the materials, how long it will take to do the job, and how much money they will need to pay their workers. They also need to make sure they will still make a profit after they pay for everything.

It's important to remember that even if a contractor wins the bid, it's not a guarantee that they will get to build the building. Sometimes, the owners might change their mind or pick a different contractor.

In summary, construction bidding is like a way for contractors to tell owners how much they will charge to build something. The owners then pick the contractor they think can do the best job for the right price.