ODOT Procurement Office - Construction
ODOT’s Bid Review Process
A Cost Analysis is performed to determine if price is best value to public. Factors considered include:
Comparison of prices to historical price data.
Current market conditions and workloads to determine fair market value.
Number of bids and comparison of prices in range with other bidders.
Assessment and identification of any apparent mathematical and/or material unbalancing by the bidders.
Flawed Procurement. Identification of issues that may cause the procurement to be considered flawed (i.e. missing, incorrect, or poorly defined bid items, significant quantity errors, etc.).