How are the bidder's errors interpreted?
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: Markup pricing is typically used by building or industrial contractors. Give an explanation as to…
A: Step: 1 Markup price: - It is defined as the difference between cost price to make building and the…
Q: What are Bidders Prequalifications?
A: - The motive of prequalification process is to examine a contractor and to determine its…
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: 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: 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: How can the problem of bid closing congestion associated with receiving subtrade bids be reduced?
A: Answer:- Construction bidding:- Construction bidding is a process of submitting a proposal to…
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: Can the contractor, attempt to interpret the strict orders of specifications to prepare the bid?
A: Bidding is the process in a tender and the one who put the highest bid will get the contract.
Q: Why is the contractor normally required to submit a bidbond when making a proposal to an owner on a…
A: A bid bond is indeed a form of building bond which, in such a building bidding phase, covers the…
Q: What is meant by unbalancing a bid? What type of contractis implied? Give an example of how a bid is…
A: Unbalanced bid is when contractor quotes high prices some items and low prices on some items while…
Q: Discuss the importance of boilerplate contract terms and conditions as part of the contract. How do…
A: Boilerplate clauses, also known as common, general, and miscellaneous clauses, are provisions that…
Q: What are the bidding documents needed to prepare in a Bid? (At least 5 documents)
A: During the Plan Procurement Administration process, a Bid Document is created as an output. This…
Q: How is the Electronic Bid package provided?
A: Construction bidding is the process of submission of tender (proposal) by the contractor to the…
Q: Discuss the importance timing in the tendering process
A:
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: What is the method used by the contractor to reduce the bidding price and increase his profit,…
A: Bids may be evaluated according to a variety criteria, but the key one is typically the total price.…
Q: How must the bidding phase of a project be handled?
A: The Bid Phase begins after the bid has been approved by the Office of Project Control i.e. OPC and…
Q: When does the system not accept a bid opening date?
A: Bid Opening Date indicates the date and time at which all the submitted bids for a job are properly…
Q: Is it of vital importance that all bidders receive identical sets of bidding documents?
A: Bidding is the process of submitting a proposal or tender (offer in writing to execute some…
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: What is Bidder Prequalification?
A: Bidder Prequalification:
Q: At which point in the bid process are errors most likely to occur? Explain why.
A: The part of the process that is most likely to produce the most errors during the entire bidding…
Q: What can be the result of the contractor’s failure to follow mandated government claims procedures?
A: A contractor is a self-employed person that carries out work for the construction company. The…
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: What is tender documents single bid system?
A: Tendering is defined as the particular type of process whereby governments and institutions offer a…
Q: What is the proper method of responding to bidder inquiries during the bid phase of a project?
A: The addendum is a document added to back up the original document information, change the original…
Q: What are the instructions for the Bidders?
A: The instructions to bidders is a document provided by an investment bank operating a competitive…
Q: How can the unbalanced bid be detected?
A: Unbalanced bidding is a phenomenon common to both lump sum and unit price contracts.
Q: Explain difference between “Escalation and Liquidated Damages”. Write how site conditions affecting…
A: Escalation Damages:- Damages from escalation are typically calculated by comparing the cost of…
Q: Who prepares the Bid documents?
A: The Bid documents are the documents which provide all the necessary information to the prospective…
Q: List the processes of preparing bid estimates and briefly describe or explain each one.
A: A construction company's profitability is dependent on accurate estimation. If a task is…
Q: . What is the proper method of responding to the bidder inquires during the bid phase of a project?
A: Proper method of responding to the bidder inquiries during the bid phase of a project are :…
Q: What are the Bids and how can they be viewed?
A: Bidding in construction project refers to the process in which the contractor is selected for…
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: Define the term nonresponsive bid?
A: When the bid from a vendor does not satisfy the important requirement of invitation or does not…
Q: What are bid documents?
A: A bid document is defined as an output of the planned procurement management process. It is used…
Q: How is the documentation of Bids done?
A: The plans , specifications , estimates , Bill of quantities and all the required documents of the…
Q: As prospective bidder, what documents we need to prepare and submit for competitive bidding?
A: In civil engineering big projects are generally undertaken through tenders. So bidding here is a…
Q: What are unbalanced bids?
A: INTRODUCTION Unbalanced bids is an effective way to benefit from careful estimation of actual…
Q: Who asks the contractor to forward the pricing change orders and why?
A: A change order is a record that explains changes in the development scope, plan, site conditions, or…
How are the bidder's errors interpreted?
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Solved in 2 steps
- What are your observations of Philippine Bidding documents ?What are two or three things that might have been in a bid submittal that might result in the bid being declared unresponsive?What is meant by; Defects liability period, liquidates damages, cost planning, bid bond, subcontracting, retention sum, interim certificate and final certificate?