Contract B
Encyclopedia
A Contract B is formed when an Owner formally accepts a Bid or, colloquially, a submission of price. Only a single Contract B is formed between the Owner and the successful bidder. Tied to the concept of Contract A
, Contract B is a place holder in the concept, a marker at the end of a formalized process of equitable treatment of both bidders and owners. In many ways it is more of an academic detail within the Contract A - Contract B concept, but can also be thought of as a label for the actual construction contract.
Contract A
In Canadian contract law, Contract A is a concept that has recently been applied by courts regarding the fair and equal treatment of bidders in a contract tendering process. Essentially this concept formalizes previously applied precedents and strengthens the protection afforded to those who...
, Contract B is a place holder in the concept, a marker at the end of a formalized process of equitable treatment of both bidders and owners. In many ways it is more of an academic detail within the Contract A - Contract B concept, but can also be thought of as a label for the actual construction contract.