Common use of Review of Bids Clause in Contracts

Review of Bids. The Landlord will cause the Landlord’s Contractor to prepare a final cost estimate document based on the detailed bids for the Premises Fitout. The bids will be made available to the Tenant for its review and comment with the final cost estimate. The final cost estimate shall be used by the Tenant and Landlord as the basis for award and the selection of the subcontractors and materialmen to perform the Premises Fitout. Said subcontractors and materialmen shall be retained by the Landlord’s Contractor on behalf of Landlord under such terms and conditions as are appropriate for the proper and expeditious prosecution of the Premises Fitout. Landlord reserves the right to negotiate the cost with any and all bidders in order to achieve the best price for the Work.