How is the documentation 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: Do the contractors have the right to file claims?
A: Yes, the contractors have the right to file claims.
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: What is the competitive bidding process?
A: The competitive bidding process as follows: Request for proposal: The organization seeking…
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: Who are the three basic parties involved in any constructionbonding arrangement?
A: The three basic properties involved in any type of construction agreement are : 1. The obligee 2.…
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: What is the role of a gateway person in contract administration?
A: The role of gateway person in contract administration are:
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: 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: What are the obligations of the contractor?
A: In the construction project various roles are performed by the contractor. The contractor is the…
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: When do most disputes in construction contracts occur?
A: When a construction dispute occurs, the contracting parties may wonder which is the best course 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: What is a design-build contract and its functions?
A: The design-build contract is a type of contract in which the contractor has the sole responsibility…
Q: Under what circumstances is a cost-plus contract favorableto both owner and contractor?
A: The cost plus style of contracts has a variety of a reimbursement schemes used to pay for the…
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: 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: Describe the term International Construction Contract?
A: International Construction contract is defined as the contract prepared for the international…
Q: How do the Owners and the Contractors set the pace?
A: Setting the pace between owners and the contractor is very important for the project why it is…
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: 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: What procedural steps should be taken by the contractor in a contract?
A: A contractor is a self-employed person who can carry out the works for the construction company. The…
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: 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: 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: 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: Describe the Standard Builder's Risk Insurance?
A: Builder's risk insurance seems to be a specialised form of property insurance which helps cover…
Q: What type of bond guarantees that if a contractor goesbankrupt on a project the surety will pay the…
A: Payment bond guarantees that if a contractor goes bankrupt on a project the surety will pay 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 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: 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…
How is the documentation of Bids done?
Step by step
Solved in 2 steps