PRE-BID AGREEMENT Sample Clauses

PRE-BID AGREEMENT. If a Work Release is signed before Contractor is awarded the Prime Contract by the Owner, then it shall constitute a Pre-Bid Agreement, which cannot be canceled by either Party, and upon award to Contractor, shall become a binding Agreement, subject to the terms of this Master Agreement including all termination and cancellation provisions herein. If no such award is made for which the Work Release was prepared, then it becomes void. Unless the Prime Contract is awarded to a different Contractor, Contractor shall determine in its sole discretion after a reasonable time has passed when no such award will be made.

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