Bid Depository The Newfoundland and Labrador bid depository is in place to improve tendering practices in the construction industry. The bid depository receives all sealed bids from both trade contractor and general contractors. It also ensures that the bids and tenders and completed accurately. This ensures fairness and good faith for all contractors and is in the best interest of owners, architects, engineers, and contractors. The Newfoundland and Labrador Construction Association which manage the bid …showed first 75 words of 479 total…

…showed last 75 words of 479 total…the tender documents. They are also responsible for receiving and reading all addenda. Prime contactors must follow procedures very similar to trade contractors. The prime contactors must inform any and all trade contractors of his or her intention to bid on a project. The prime contractor must submit a subcontract with his or her valid bid on a particular project, unless the prime contactor intends to complete all work for the project him or herself.