What type of bids might a manager receive when using competitive bids?

The correct answer is that bids may be received for all or part of the job. This reflects the nature of competitive bidding, where multiple contractors are invited to submit proposals, and they can choose to bid on the whole project or on specific aspects or portions of the work involved. This flexible approach allows property managers to compare costs and services for different components, potentially leading to better overall project efficiency and value for money.

Competitive bidding encourages participation from various contractors, enabling property managers to find the most suitable terms for the project's needs. By allowing bids on all or parts of the job, it increases competition and can lead to cost savings as well as options tailored more closely to the project's specific requirements.