When might a business use addenda?

A business might use addenda primarily to modify bid documents before they are due. An addendum is an official document that is added to a previously existing agreement or contract. In the context of construction and contracting, addenda are typically issued to clarify, change, or add to the bid documents and can provide important information or adjustments to the specifications and conditions of a project. This is particularly crucial as it ensures that all potential bidders are working from the same updated set of documents and are aware of any changes or clarifications made before they submit their bids.

Using addenda in this way helps to maintain fairness and transparency in the bidding process, as it levels the playing field for all bidders by ensuring that everyone has access to the same information. This practice is common in the construction industry, where project specifications and requirements may evolve prior to the final submission of bids.