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Consultant: bids lock prices; Live Oak can break ground about six weeks after bid
Summary
Neighbors told Live Oak officials that, in his experience, bids lock prices and the program typically begins construction about six weeks after bid submission; contract signings usually occur within one to two weeks of bid date.
Neighbors said the procurement timeline in this program generally moves quickly once bids are submitted and contractors are selected. "From the moment they submit these bids, we're breaking dirt in about 6 weeks, give or take," he said, adding that price fluctuations are normally limited over that short window.
He described the post-bid sequence: contractor selection, a group contract signing with homeowners and contractors one to two weeks after the bid date, and then setting a notice-to-proceed that accounts for homeowners' readiness. He also noted that if materials become unavailable or prices rise unexpectedly, contractors must document increases for consideration.
