What is meant by unbalancing a bid? What type of contractis implied? Give an example of how a bid is unbalanced.

Q: Describe the procedure of avoiding the unbalanced bid problem?

A: An unbalanced bid:

Q: Upon opening of the second envelope contractor ABC with the lowest calculated bid was determined.…

A: To determine: To whom should the contract be awarded if lowest bidder decline to push through the…

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: 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: 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: 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: 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: Front loading of a bid is always an illegalor unethical form of unbalancing a contractor’s bid is it…

A: The statement is given as Front loading of a bid is always an illegal or unethical form of…

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: 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: 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: When does the system not accept a bid opening date?

A: Bid Opening Date indicates the date and time at which all the submitted bids for a job are properly…

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: 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: 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: 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: 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: 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: Describe the procedures to be followed for the receiving andopening of bids. If possible, attend a…

A: The procedures to be followed: The procedures to be followed for the receiving andopening of bids…

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: How can the unbalanced bid be detected?

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

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: In a construction contract, which is the best party to bear the various risks?

A: In a construction contract there are various risks, some are given below: Logistical risks Socio…

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: Define the term nonresponsive bid?

A: When the bid from a vendor does not satisfy the important requirement of invitation or does not…

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: Explain why the bid estimates are not always equivalent to the final contract amount after the…

A: Bid estimates are the approximate cost estimate of any project submitted by the competent authority…

Q: What are the disadvantages of the written contracts?

A: Written contract: A written contract could be a written agreement between 2 parties, one a borrower…

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: 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 Guaranteed Maximum Price Contracts?

A:

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: 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: