Can a bidder withdraw its bid due to an honest and good faith mistake in its bid price? The short answer is yes.
But the bidder must act quickly – written notice to withdraw must be provided within two business days of the bid opening. More importantly, the bidder must submit credible evidence that the reason for the price bid being substantially lower was a clerical mistake, and not a “judgment” mistake, and was actually due to an unintentional and substantial arithmetical error or an unintentional omission of a substantial quantity of work, labor, material or services made directly in the compilation of the bid. See 73 P.S. § 1602. Read more