Is 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?

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: (a) Design-bid-build is a sequential process to deliver a construction project. Produce a short…

A: Step : 1 Design-bid-build :- It is a sequential process to deliver a construction project where one…

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: 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: List the five price categories that need to be considered when pricing a construction estimate.

A: The costs of a constructed facility to the owner include both the initial capital cost and the…

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: Visit a local contractor and determine the proportion ofcontracts that are negotiated against those…

A: The local contractor has about 75% of contract that are negotiated against those that are…

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: 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: If a contractor was selected based on his best price and best technical aspects from his bid…

A: Hi! Thank you for the question As per the honour code, We’ll answer the first question since the…

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 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: What we can do if the consultant reject part form the work carried out by the contractor?

A: First of all do ensure that the consultant reject part form the work carried out by the contractor…

Q: On lump-sum contracts, what are the  two methods available toutilize a PC computer in determining…

A: Lump-sum contracts : In lump sum construction contract, contractor fix a single fixed price for all…

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: You have recently completed construction on a project that was contracted under a CCDC2 contract.…

A:

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: 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: 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: 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: Why is it often difficult for an estimator to prepare a cost breakdown with the bid?

A: (1) Resources constraints (2) Insufficient time available (3) adverse environmental conditions (4)…

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: How can the unbalanced bid be detected?

A: Unbalanced bidding is a phenomenon common to both lump sum and unit price contracts.

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: Tendering process - Differentiate between two major tendering processes in term of (identification,…

A: Two major types of tendering process are as follows :-  Open Tendering Selective Tendering

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 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: 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: 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 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: During what period can a contractor withdraw the bid without penalty?

A: A contract is a legal bond between two or more two parties. It specifies the duties and…

Q: What are the rules under which the Contractor must operate to avoid risks?

A: RISK-Risk in risk management is defined as a tool which will help in planning, monitoring and…

Q: What are unbalanced bids?

A: INTRODUCTION Unbalanced bids is an effective way to benefit from careful estimation of actual…

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…

Q: What are two or three things that might have been in a bid submittal that might result in the bid…

A: The following might lead to declare the bid as non-responsive:

Types of Contracts

A verbal or written agreement between a person and a firm, for undertaking construction, material supply, maintenance, and repair work which is enforceable by law is termed as a contract. The person who undertakes the contract for execution of the work is termed as a contractor. The contracts are classified into different types depending on the nature of the contract.