All tenders received were over budget. Can the project be retendered without alteration to the original tender package?

Question

Accepted Answer

QUESTION

I am looking for guidance on the legalities of retendering a construction project that was previously tendered but all tenders were rejected as the costs were significantly more than the Engineer’s cost estimate and therefore over the allocated budget.

COMMENT

The GCs allow the owner to reject all bids, which they probably should do if they don’t have the funds to proceed.

All tenders received were over budget. Can the project be retendered without alteration to the original tender package?

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