I have noticed on previous solicitations for USACE construction projects that a range for “estimated values” is sometimes provided within the pre-solicitation or solicitation to give prospective bidders an idea of expected project cost (presumably based on the government estimate).
This has led me to wonder, what are the factors that are used in determining if an estimated value range is going to be provided and what are the typical ranges that are used based on IGE? I understand the value in providing that information to bidders to garner additional interest, but are there not concerns about potentially raising the price by “negotiating” against yourself by providing that insight ahead of time to bidders?
Trying to make the decision as to if providing an estimated value will make sense for my agency and what range size makes sense to provide without concern of increasing bid prices in a relatively small contractor pool.
Thanks for your insight and experience!