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Section: Contract Requirements and Execution

Contract Requirements and Execution
A local agency asks for bids with a base price and two add-on (additive) items. The bid request says the lowest bid is the lowest total of the base price plus Add-on 1. Bidder X bids: base $500,000, Add-on 1 $40,000, Add-on 2 $30,000. Bidder Y bids: base $480,000, Add-on 1 $70,000, Add-on 2 $10,000. What is the lowest bid amount under this method?