True or false? Within those jurisdictions where public contracts are subject to “Fair Subcontracting Laws” to prevent bid shopping, each bidder is required to list its subcontractors as a part of its bid.

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: 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: 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: If missing, which one of the below items would deem a bid nonresponsive? A. Bid bond B. Certificates…

A:

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: 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: What are unit price contracts?

A:

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: When are the unit price contracts used?

A: Introduction to Unit price contract Unit Price method is the kind of contract in which total cost of…

Q: What should an estimator do when a bid is received from a subcontractor with a very low price,…

A: When the tender is released for the subcontractor to make bids, each contractor tries to reduce the…

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: 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: 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: How are the bidder's errors interpreted?

A: The Bidder's Error are interpreted in following ways : 1. When the the rates of the bidder's…

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: Why are there instances where two or more contractors form themselves into joint venture agreement…

A:

Q: What is Bidder Prequalification?

A: Bidder Prequalification:

Q: What is the intended purpose of conducting a bidding, why cant the government do the projects on…

A: The main purpose of bid evaluation is to determine the lowest evaluated and substantially responsive…

Q: Why is there a need for a statement of the prospective bidder of all its ongoing government and…

A: Solution: There is the need for the statement as:

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: Discuss “bid rigging” in detail, and suggest how an organisation can address it.

A: When opposing parties collaborate to choose the winner of a bidding procedure, this is known as bid…

Q: Fudd Associates, Inc. submits a bid for $20 million.Mr. Fudd discovers at bid opening that all other…

A: Answer: FAI will be able to withdraw his bid after all bids are opened if it can demonstrate that…

Q: What is the difference in between of bid bond and face value in bidding process ? (or in real…

A: A bid bond is a kind of a construction bond that safeguards a developer or an owner in a…

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: True or false? Front loading of a bid is always an illegal or unethical form of unbalancing a…

A: Front loading of a bid is always an illegal or unethical form of unbalancing a contractor’s bid. The…

Q: Is the final amount paid to a contractor under a unitprice contract limited by the quantities of…

A: Let's understand first what is unit price method: In a unit value contract, the complete agreement…

Q: What are the advantages of Bid Bonds?

A: A bid bond would guarantee the bond owner compensation if the bidder fails to start a project.

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: The main objectives of a tendering procedure are to select suitable contractor for the project.…

A: Answer 1. Selective Tender Selective tendering only allows suppliers to submit tenders by…

Q: Bid estimates are usually made up of a combination of the following approaches: Detailed estimates…

A: Bid estimates are usually made up of a combination of the following. The correct answer is All of…

Q: How can the problem of the unbalanced bid be resolved?

A: An unbalanced bid occurs when a contractor moves his expenses for one aspect of the work into his…

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: Differ between the unit price contract and contract price?

A: The contract which is made upon the basis of estimation of the unit price of materials used in 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: 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…

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: