It is surprising how many engineers cannot evaluate bids properly, and therefore award contracts for major equipment based solely on the lowest price received. This book provides valuable and practical "hands on" guidance on engineering procurement formation techniques, from planning to placing the contract, in the mechanical, electrical, process, and mining fields. This book is unique in that it covers both the commercial (legal and financial), and technical aspects of an engineering contract for the acquisition of major plant equipment. For plant engineers, plant owners, legal counsel, upper levels of management who approve the bid evaluation and recommendation, and equipment suppliers who bear heavy costs for bid preparation.