AtlasNow Construction Company, a General Contractor, Plans to Place a Bid

Multiple Choice

AtlasNow Construction Company, a general contractor, plans to place a bid for building a hospital. It requests bids from subcontractors for plumbing and other construction related services that will be needed for building the hospital. Catapipes Plumbing Company, a plumbing subcontractor, submits the lowest bid for the plumbing work, and AtlasNow incorporates Catapipes's low bid in its own bid for the general contract. Based on all of the subcontractors' bids, AtlasNow submits the lowest overall bid to build the hospital and is awarded the contract. Which of the following conditions is required for the two companies to enter into a legally enforceable contract?

A) The considerations must be beneficial to both parties involved.
B) The considerations must be detrimental to both parties involved.
C) The considerations must be mentioned in writing in the contract.
D) The considerations must be bargained-for exchange of a service or product.