Negotiated tenders will cost the employer more for the purpose of implementing the project by the contractor. Select one: True O False 23+
Q: Discuss the prequalification of Prospective Contractors.
A: Brief concept- Prequalification of prospective contractors are needed such that his/her ability to…
Q: Costs that include items that cannot be readily charged to any one project, but represent the cost…
A:
Q: If a general contractor does not feel like paying worker's compensation fees, then the contractor…
A:
Q: Choose the right answer for each of the following. a) A field change is typically issued for work…
A: As per our guidelines we provide solutions for first 3 subparts So they will be as follows
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: A successful contractor bidding for a project is required to engage an bond by the client. Discuss…
A: Contractor : The legal agreement gives rise to the word contractor. The owner and the builder will…
Q: What means are available to a contractor bidding a unit-price project for recovery of “General…
A: Front loading bids, unbalancing bids to retrieve mobilization costs. Owners set lump sum amounts for…
Q: In a construction contract, list the effects of achieving substantial completion upon the contract…
A: The owner will be able to use the project for the intended purposes and its use does not intervene…
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: 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: Discuss overlap and underlap of subcontracted work and the problems associated with each condition.
A: It is very important that all of the project work must be completed, examined, and executed by…
Q: Determine the criteria for the selection of a contract. Time Cost Quality Risk
A: Brief concept introduction- Contract- A contract is an agreement between two parties that is…
Q: Discuss Overlap and underlap of Subcontracted work and the Problem Associated with each Condition
A: The cases of overlap and underlap arise where work is not clearly identified as being part of a…
Q: What are the major parameters to be considered in the prequalificationassessment of a contractor?…
A: Contractor prequalification is information of gathering and assessment process that determines…
Q: Discuss the importance timing in the tendering process
A:
Q: Look up the names of the largest contractors reported byENR in its three main categories: Heavy and…
A: Names of largest contractors reported; The largest contractor reported by ENR, to the heavy domestic…
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: In what way a contractor will be able to benefit from a particular type of equipment he will…
A: The contractor will be able to benefit from a particular type of equipment he will purchase even if…
Q: a) What is Bidding? b) Scope of the Manual of Procedure for the Procurement of Goods c) What is…
A: Four subparts are in the question.
Q: What is cost-of-service pricing? What is the relationship between value-of-service pricing and…
A: In type of cost-of-service pricing can be simply described as the cost for providing a particular…
Q: What are the payment provisions under the construction act?
A: The construction act allows each worker under a construction contract to accept payment in stage…
Q: . What are the payment provisions under JCT?
A: JCT Standard Building Contract 2011 payment terms are relatively complex. The system relies on the…
Q: A practice related to construction finance that can be interpreted as unethical is: A. front-loading…
A: There are many practices in the construction which are interpreted as unethical Bribing…
Q: lished at $18,000,000. The contract calls for a fixed fee of one million dollars for the contractor…
A: Given:- GMP established cost=$18,000,000 To find:- the owner's cost and contractor's profit if…
Q: True or False? One option for competitive bidding is a lump sum proposal; one option for negotiated…
A: Let's talk about the first statement "One option for competitive bidding is a lump sum proposal"
Q: General Contractors working an a project that requires several months to complete typically request…
A: Solution: The answer is Option G, ALL OF THE ABOVE
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: An owner can protect themselves from a failure of the low bid contractor to live up to their bid by…
A: Bid bond is legal agreement that protects the owner from failure of low bid contractor by…
Q: Question 14: What is a key characteristic of the preconstruction stage? o walkdown of the site o…
A: 14) procurement 15) False The wrong judged prices will be equally shared by both contractor and…
Q: In a construction contract, list the effects of achieving substantial completion upon the contract…
A: A construction contract includes general and special terms of agreement, details of construction…
Q: Why Cost + Percentage Fee Contracts are not preferred by the owners
A: The construction contract is a legal agreement between owner and contractor, which has details about…
Q: Define the term long lead purchases?
A: Long lead purchase:
Q: What is the "Contractor's Risk" and how does it Relate to the type of Construction contracts to be…
A: Contractor's risk is defined as the association with a construction project. It is defined as the…
Q: A contractor wishes to participate in the bidding for a government project and submitted documents…
A: Given data- ABC project bid = P328,644,200.20 with a duration of 20 monthslargest single project…
Q: If you want to build a home for yourself, which contract will choose: O a. cost plus fee O b. Any…
A: option D is correct ( Lump sum Contract ) Home can be built by any method but most suitable method…
Q: Question 8 What is the contract delivery method called where the prime consultant is responsible to…
A: Brief concept introduction- Project delivery system- It is a system that gives permission to an…
Q: Which of the following Project Delivery Methods provides an Owner a guaranteed final project cost…
A: Given- Which of the following Project Delivery Methods provides an Owner a guaranteed final…
Q: Is it advisable to use cost-loaded CPM for progress payments to the contractor on unit-price…
A: The cost-loaded schedule is composed of the works that have been ordered and distributed across the…
Q: What is the purpose of the notice to bidders?
A: Purpose of the notice to bidders:
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: Q1. Q2. Q3. Q4. Q5 Which of the following area in construction industry deals with tendering process…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: 6. Match the following terms with the most correct explanation Term Explanation Payment Bond…
A: 1) Payment bond:- A payment bond is indeed a surety bond that somehow a contractor posts to ensure…
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…
Q: If you were bidding on a project in your own town, which of the following activities are not…
A: Brief concept introduction- Estimate- It is the approximate amount that can be spent on the project…
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- What means are available to a contractor bidding a unit-price project for recovery of “General Conditions Work” (mobilization, bonds, insurance, cost of permits, and other preconstruction expenses)?C. You have been employed by a newly established construction company as the project’s manager. You are bidding for a construction project for the first time, but your CEO who happens to be a retired military officer does not understand why the employer is requesting tenderers to attach Tax clearance certificate, Power of an attorney, SSNIT clearance certificate, Bid Bond / Bid security and Certificate of incorporation and to commence business. Explain to him the need for these attachmen ts.Q5: Explain difference between “Escalation and Liquidated Damages”. Write how site conditions affecting tender price.
- HG Construction has recently won a contract for $1million dollars. Upon being award contract, HG contacts its subcontractors and asks them to lower their initial bid amou unethical action is known as:Some people feel that lump-sum contracts can foster amore contentious work environment than any of the othertypes of contracts discussed in this chapter. What is thebasis for this perception? Do you think that this perceptionis true?In a construction contract, list the effects of achieving substantial completion upon the contract requirements,liquidated damages and retainage?
- Which of the following Project Delivery Methods provides an Owner a guaranteed final project cost for the least fee? Group of answer choices A)Design-Bid-Build B)Design-Build C)Construction Management - Agency d)construction management - liableWhy is the contractor liable of providing the surety bonds to obtain written release prior to the final payment on projects?Does the work covered in a construction contract include a stated gaurantee period?
- True or False? One option for competitive bidding is a lump sum proposal; one option for negotiated bidding is a cost + fee+ GMP proposal.What type of risks are reserved to the contractor?A client plans to construct a manufacturing plant that involves multiple engineering disciplines. Calculate the total engineering fees including taxes based on the following: Mechanical Works, $1,540,000 Electrical Works, $1,780,000 Earth Works, $950,000 Civil Works, $2,125,100 Environmental Works, $1,325,000 Basis B fees = 14% There are no office feesDo not include the Contractor payment in the engineering fees. Taxes = 13%