Mathematically Unbalanced Bid Law and Legal Definition
Mathematically unbalanced bid means “a bid containing lump sum or unit bid items which do not reflect reasonable actual costs plus a reasonable proportionate share of the bidder's anticipated profit, overhead costs, and other indirect costs.” [23 CFR 635.102; Title 23-Highways; Chapter I-Federal Highway Administration, Department Of Transportation; Subchapter G-Engineering And Traffic Operations; Part 635-Construction And Maintenance; Subpart A -- Contract Procedures]
