Post-closing negotiations Save article Remove saved article

In last month’s column, I started answering the question: “How much flexibility is there legally to negotiate after the closing of the bids?” It is one of the most commonly asked questions in procurement transactions, mostly because there is not a single answer that fits every situation, and the applicable principles sometimes appear to contradict each other. As I noted, the answer depends on a variety of considerations, including the details of the bid-call document