I'm sure that people will disagree with me based on their own experience, but I am unwavering in what I have learned after prepping my files for large and very large printing for highway billboards:
1) The RIP’s used by today’s commercial printers will do a far better job of feeding their printer what it needs, than rescaling with any normal Mac/Pc based software. Always leave the file in its native resolution when having prints done on a commercial printer and the let the multi-thousand dollar system do its job of rescaling.
2) Rescale as required for inkjet printing, but I have found products that perform much better than PS Bicubic. Try the old reliable standard: Genuine Fractals or my own favorite - S-Spline used in Photozoom from Benvista Software.
If you want to try out your ability to produce clean files for large prints at a very, very low price.
http://www.elcocolor.com/poster_special.htm
At these prices, go ahead and try one file rescaled with PS and leave the other at it’s native size. You will quickly see what I mean.
Marc