Can the contractor, attempt to interpret the strict orders of specifications to prepare the bid?
Q: What are the advantages and disadvantages of using a bid depository to (a) a general contractor and…
A: Bid depository It is a set up whose work is to assemble bids from a subtrades and subsequently…
Q: Describe the procedure of avoiding the unbalanced bid problem?
A: An unbalanced bid:
Q: Differentiate between two major tendering processes in term of (identification, advantages and…
A: Two major tendering process are as follows :- Selective Tendering Open Tendering
Q: Write a summary of Bids for Evaluation?
A: The process in which takes place after the submission date end of tender is known as bid evaluation.
Q: Briefly explain the bid review/analysis process. Describe the steps involved in the bidding process
A: A bid is a submission which a supplier or service provider made in response to an invitation to…
Q: Why do some contractors include “bid clarifications” with their bid even when they risk having their…
A: Solution: Despite the risk of having their bid rejected, contractors will still, on occasion,…
Q: Why is it necessary for the estimator to visit the site even when extensive site information is…
A: A bid document carry information regarding cost of materials as well as work schedule of building…
Q: Describe what estimators look for in their review of the bid documents.
A: Usually, a written scope and specifications, along with drawings are contained by Bid documents.…
Q: Give an example of the unbalanced bid?
A: When a contractor unbalances the bid, it's meant that he will charge more for the initial items of…
Q: Give the guidelines in case you suspect the existence of a serious imbalance in the lowest bidder's…
A: Guidelines in case you suspect the existence of a serious imbalance in the lowest bidder's…
Q: How is recording of Bids done?
A: Project bidding is the mechanism whereby the contractor submits a offer to the customer as a request…
Q: Define the term fixed-price contracts?
A: A fixed-price contract is also known as a lump-sum contract or a firm-price contract. It establishes…
Q: On the typical project, which are the twoprime contracts made with the owner?
A: On the typical project, usually there are two different prime contracts signed with the owner.
Q: Is it permissible for the owner’s representative to issue instructions or orders to a subcontractor…
A: Stopping work orders can be given when inspectors or an owner's representative consider workers…
Q: May change orders be issued between the time of opening bids and the execution of the Agreement?
A: The change order is a order issued to alter, add or modify the work from what is arrived in the…
Q: How are the bidder's errors interpreted?
A: The Bidder's Error are interpreted in following ways : 1. When the the rates of the bidder's…
Q: What is the “contractor’s risk,” and how does it relate to the type of construction contract to be…
A: Contractor's Risk : when the term is used in association with a construction project, is the…
Q: Give some reasons for the unbalancing bids?
A: The unbalancing of a bid is the transfer of portion of the work cost for one part of work to another…
Q: May changes to the documents be done by Addenda after opening bids, but prior to Award?
A: Addenda is used for building contracts in the US. Addenda comprises of collection of specifications…
Q: What are the advantages and disadvantages to the contractor of renting rather than buying equipment?
A: Renting equipment increases the cost activity in the project if the quantum of work performed using…
Q: Describe one of the convenient options provided to contractors to scroll through the listing of…
A: The process in which takes place after the submission date end of tender is known as bid…
Q: Write down the required documents to be submitted by the contractor during bidding phase and while…
A: Construction bidding is defined as the process of giving project proposal for the construction of…
Q: What are the contractor’s financing charges on a project, and how is the cost of financing charges…
A: Brief concept introduction- Every project needs a contractor and he/she charges some fees to…
Q: .Based on (Right of Access to the Site) sub-clause, the contractor is allowed to access the site in…
A: Answer : Option (B) is correct.
Q: What are the general contractor’s two main concerns when a low bid has been received from a…
A: When a low bid has been received by a subcontractor who is new or unknown to the general…
Q: Why should the Resident Project Representative not receive the submittals from the sub-contractors…
A: All the vendor applications must be managed in an organised, clear, and effective way. Shifts in…
Q: True or false? Within those jurisdictions where public contracts are subject to “Fair Subcontracting…
A: Subcontracting can be defined as practice taken up by contractors in which a contractor hires an…
Q: essary to retain at least one set of origi
A: When choosing a vendor to subcontract a project to, or to buy materials and services that are…
Q: What are the objectives of, and who should attend, the pre-bid review?
A: the purpose of the pre-bid review is to get the input of other experienced construction managers and…
Q: Visit a local building contractor and determine how he orshe handles control of submittals from…
A: According to qusetion; As a construction and material testing (CMT) engineer, I had been working…
Q: True or false? Front loading of a bid is always an illegal or unethical form of unbalancing a…
A: Front loading of a bid is always an illegal or unethical form of unbalancing a contractor’s bid. The…
Q: Define the term Time between bid opening and award of contract?
A: Time between the bid opening: Bid Opening indicates the date and time at which all the submitted…
Q: s are not always equivalent to the final contract amount after the project is complet
A: A gauge is a best guess of how much something will cost. A structure project worker, for instance,…
Q: What are the objectives of a Post Qualification Process in Bids and Awards of a Project?
A: This step is intended to determine whether or not the bidder who was determined to have submitted a…
Q: When can the owner may be held liable for hindering early completion of a project?
A: The early completion of a project is a construction schedule showing the contract’s plan and purpose…
Q: on the typical project, there are usually how manyprime contracts with the owner?
A: There are generally two prime contracts occur with the owner in a typical project.
Q: As the project manager of your company, what will be your cinsideration during Tender adjustments…
A: Followings are the considerations during the adjustments for the submissions of the tender:
Q: What is a nonresponsive bid?
A: If a vendor's bid fails to meet the essential invitation criteria or does not confirm the substance…
Q: What steps should be taken by the contractor to avoid differences in the projects?
A: Several steps that are taken by the contractor to avoid differences in the project some of them are:…
Q: How to write a single bid building tender
A: Answer:- Tender: Tender is an offer in writing to execute some specified work at certain rates,…
Q: How is the documentation of Bids done?
A: The plans , specifications , estimates , Bill of quantities and all the required documents of the…
Q: What questions should the owner consider before giving the responsibilities to the contractor?
A: The owner of the project should ask the following questions to the contractor before signing the…
Q: What is the procedure of the punch list obligations followed by the contractor?
A: Procedure of the punch list obligation followed by the contractor is very simple and it is mention…
Q: What are unbalanced bids?
A: INTRODUCTION Unbalanced bids is an effective way to benefit from careful estimation of actual…
Q: Why is the contractor liable of providing the surety bonds to obtain written release prior to the…
A: Let's first understand that what is surety bond: A Surety bond may be a triangular contract. One…
Can the contractor, attempt to interpret the strict orders of specifications to prepare the bid?
Step by step
Solved in 2 steps
- Why is the contractor normally required to submit a bidbond when making a proposal to an owner on a competitivelybid contract?A contractor provided a surety bond as required by the bid specification for the building project. In this situation, the contractor is referred to Producer Surety Oblige PrincipleIs the final amount paid to a contractor under a unitprice contract limited by the quantities of materials or work shown in the original Bid Schedule?
- What type of bond guarantees that if a contractor goesbankrupt on a project the surety will pay the necessaryamount to complete the job?What is the procedure of the punch list obligations followed by the contractor?Are the quantities of supplies or work stated in the original Bid Schedule used to determine the final amount paid to a contractor under a unitprice contract?