How is recording of Bids done?
Q: What is lump sum contract?
A: The lump sum contract is the traditional method of contracting in which the contractors are required…
Q: What are the different types of construction contracts?
A: A construction contract is a formal or legally binding agreement made between two organizations…
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: What are the Methods and procedures for providing tiebacks?
A: Various types of restrained wall systems such as tiebacks, screw anchors, dead men anchors, soil…
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: Define the term Contractual Allocation of Risk?
A: Risk management is the method of defining threats and deciding whether they can be distributed, and…
Q: Do the contractors have the right to file claims?
A: Yes, the contractors have the right to file claims.
Q: What are unit price contracts?
A:
Q: What standard forms of contract are offered by JCT?
A: The Joint Contract Tribunal's (JCT) standard forms of contract are created for difficult or big…
Q: What are the several factors to chose a contract?
A: A contract is a legally enforceable file that identifies and regulates the rights and…
Q: How is Standard Builder's Risk Insurance important?
A: In construction projects, builder's risk insurance is a type of property insurance that covers the…
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: 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: Is the Insurance coverage an important contractual responsibility of the contractor?
A: Contractual insurance protects against accidents that the policyholder has expected from entering…
Q: How can a project become involved in litigation?
A: Litigation is the mechanism through which a lawsuit is taken to trial. The legal cycle is usually…
Q: What is the cost Reimbursable contract?
A: A constructional contract is defined as an agreement between two parties in which general and…
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: Why have the thresholds for an open call for bids increased significantly, according to the Public…
A: Introduction : India's constitution is pro-federal and quasi-federal in nature. The central…
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: Describe the procedure of how partial payments to the contractor is done?
A: Partial payment is also called as progress payments. These payments are based on the percentage of…
Q: Describe the general conditions of the construction contract?
A: General requirements cover any part of the project, meaning that it may be complicated to break down…
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: What are the benefits of open shop contracting?
A: Open shop contracting is a type of agreement that may have a union, but it has freedom to hire both…
Q: How are partial payments made to the contractors?
A: In any construction project, the total amount to be paid to the contractor is not made in one…
Q: Types of bidding procedures? Explain in your own words.
A: Bidding involves an attempt to lay down a starting price on even an item or brand by a person or…
Q: What are the rules under which a contractor must rightfully operate?
A: A contractor is a person or a firm that performs work on a contract basis. A contractor undertakes a…
Q: Describe the term International Construction Contract?
A: International Construction contract is defined as the contract prepared for the international…
Q: Discuss the primary advantages and disadvantages of bidding for: (a) public work; (b) private work.
A: Tendering Process under development is a course of presenting a proposition to attempt government…
Q: In what two ways does design–build differ from the traditional design–bid–build project delivery…
A: Design Build: In this system, the owner usually hires a single person, the designer / builder, to…
Q: What are some methods that are used to monitor delay or disruption of a contract?
A: Answer:- Delay in contract:- Delay is one of most common problem in construction projects resulting…
Q: Who is in control of construction means and methods in a construction contract?
A: The construction means and methods refer to the resources such as building materials, labor,…
Q: What are Bid Bonds?
A: A big bond is one of a type of construction bond, which is a guarantee by the bidder or contractor…
Q: What is one of the most common causes of contractor claims?
A: There square measure several quite conflicts occur in construction industry between the parties that…
Q: What are bid documents?
A: A bid document is defined as an output of the planned procurement management process. It is used…
Q: Must a contractor accept and perform all the work involvedin each contract change order? Is there a…
A: Contractor accept and perform all the work involved in each contract change order; A contractor,…
Q: Why is it important to understand how to choose the correct type of consruction contract to issue?
A: Answer:- Construction contract:- It is a mutual or legally binding agreement between two parties…
Q: What is the procedure of Contract Submittals?
A: The contract submittals are the documents that serve as contractor’s proof of complying with the…
Q: Who controls the construction means and methods in a construction contract?
A: - A construction contract is legal document signed by all parties involved in a construction…
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 are unbalanced bids?
A: INTRODUCTION Unbalanced bids is an effective way to benefit from careful estimation of actual…
Q: Describe the concept of a design-build contract?
A: The project delivery system is a process which is used to assign the responsibilities of the…
Q: Why should the contractor submittals be handled carefully?
A: Submittals in the construction of the board are shop drawings, material information, tests, and item…
Q: What is necessary to form a contract?
A: These are the key elements of a contract: Contract Basics Agreements are lawful arrangements between…
Q: How would you go about either documenting a claim for acontractor’s progress payment or its…
A: In order to appropriately document a contractor, maintain for a progress payment, the following…
How is recording of Bids done?
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