Two contractors are now bidding to buy the church property, said Bonnie Eisler, president of the civic group, which consists of 300 families.
Find information on how to prepare documents for bidding, advertise bids, and solicit contractors to bid on a construction project.
An inspection saloon ran over the route in on 1 April 1970 to allow contractors to bid for the demolition work.
The idea was simple, let the contractor bid a markup to the task prices.
Under this system, contractors would bid an amount equal to the present value of cash flows from user fees they are willing to accept for the project.
The contractors then bid against each other in order to hit a 'target price.'
The winning contractor had bid $4.5 million, a figure that was considered "surprisingly low."
WHEN the program began, it was difficult to get qualified contractors to bid on projects.
The classic general contractor bid a job at a certain figure and was at risk for the loss if costs went above that level.
He instituted "competitive contracting," in which private contractors bid against city agencies, for many city services.