If a company's monetary limit is less than an upcoming project, what can they do to bid on the project?

When a company's monetary limit falls short of the financial requirements for an upcoming project, submitting a one-time raise in limit five days prior to the bid is a viable option. This process allows a contractor to increase their monetary limit temporarily, making them eligible to bid on projects that exceed their current limit.

The rationale behind the one-time increase is that it provides flexibility for contractors, enabling them to take on larger projects without having to wait for a lengthy review or approval process associated with a permanent limit increase. This would be especially beneficial in a competitive bidding environment where project timelines are tight.

In contrast, applying for a permanent raise in limit might not be a feasible solution in the time frame needed, as it often involves a more exhaustive process including documentation and financial assessments that take longer than just five days. Although it is crucial for contractors to eventually assess their limits for sustainability, such an approach wouldn't address immediate bidding needs.

Explaining the other options further highlights why they are less suitable. Declaring that no bidding is possible over the limit limits the contractor's potential and doesn't explore avenues for temporary adjustments. Furthermore, merely intending to apply for a raise before the job starts does not provide a concrete action plan and does not guarantee the increased limit will be approved in time