What are Bidders Prequalifications?
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: 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: 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: Give an example of the unbalanced bid?
A: When a contractor unbalances the bid, it's meant that he will charge more for the initial items of…
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: How is liens law beneficial for sub-contractor?
A: The liens law is a law that is used for protecting the rights of the professionals of getting paid…
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: How is recording of Bids done?
A: Project bidding is the mechanism whereby the contractor submits a offer to the customer as a request…
Q: What is the competitive bidding process?
A: The competitive bidding process as follows: Request for proposal: The organization seeking…
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: 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: 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: What are the performance bonds?
A: Performance bond:
Q: What are the benefits of the forwarding the pricing change orders?
A: Forward pricing is defined as the estimated work cost which is yet to be carried out.
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: Is it of vital importance that all bidders receive identical sets of bidding documents?
A: Bidding is the process of submitting a proposal or tender (offer in writing to execute some…
Q: What should happen to bid documents in the advance stage of a bid?
A: The following takes place to bid documents in the advance stage of a 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: 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: 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: 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 instructions for the Bidders?
A: The instructions to bidders is a document provided by an investment bank operating a competitive…
Q: How can the unbalanced bid be detected?
A: Unbalanced bidding is a phenomenon common to both lump sum and unit price contracts.
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: most important document/s in a bid? Why?
A:
Q: Who prepares the Bid documents?
A: The Bid documents are the documents which provide all the necessary information to the prospective…
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 is a nonresponsive bid?
A: If a vendor's bid fails to meet the essential invitation criteria or does not confirm the substance…
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: 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: What are bid documents?
A: A bid document is defined as an output of the planned procurement management process. It is used…
Q: How is the documentation of Bids done?
A: The plans , specifications , estimates , Bill of quantities and all the required documents of the…
Q: What is the purpose of the notice to bidders?
A: Purpose of the notice to bidders:
Q: What is the Partnering Concept?
A: Concept: The type of business partnering used in engineering, architecture, and the construction…
Q: What are the potential problems in Partnering Concept??
A: Potential problems in Partnering Concept are : 1.Different methods for management : Similar forms in…
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 the examples of unit price contracts?
A: The estimated quantities of items and unit prices on the hourly rates, rate per unit work volume…
What are Bidders Prequalifications?
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