Bid Preperations

The board moved to approve a bid on Breaking Benjamin at last nights meeting. I'll be talking with the insurance office tomorrow (Wednesday) around noon; pending their approval we'll be sending the bid off to the band. The band can then either accept, reject or sit on the bid (sitting on a bid means they take their time to respond, sometimes this can be several weeks).

Before anyone asks, we are only allowed to extend one bid at a time. This avoids the situation where more than one act accepts a bid for the same show; a situation which could create date, cost and headlining issues.

If they reject the bid we either look at a different act, or rebid at a higher price (if we can afford it). Hopefully the fact that they had to back out on us last year will buy us some leverage in terms of price and speedy response.

If the bid is accepted we will receive a contract from the band which will then be reviewed and amended by insurance, and signed and returned to the band for their approval. Again, they can accept, reject or sit on it. Basically like any contract it can be bounced back and forth several times before a mutually satisfactory agreement is reached or one side gives up.