What is tender documents single bid system?
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: What are the different types of construction contracts?
A: A construction contract is a formal or legally binding agreement made between two organizations…
Q: Explain the tender procedures?
A: Tendering is the process of making an offer, bid or proposal, or expressing interest in response 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: Do the contractors have the right to file claims?
A: Yes, the contractors have the right to file claims.
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: 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: 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: 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: 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: Is the Insurance coverage an important contractual responsibility of the contractor?
A: Contractual insurance protects against accidents that the policyholder has expected from entering…
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: Why have the thresholds for an open call for bids increased significantly, according to the Public…
A: Introduction : India's constitution is pro-federal and quasi-federal in nature. The central…
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: How is the Electronic Bid package provided?
A: Construction bidding is the process of submission of tender (proposal) by the contractor to the…
Q: 1. Explain the following points based on Ethiopian Federal Government Procurement and Property…
A: Note: The following procedure and condition of application for each part are provided from…
Q: tendering process
A: Tendering process is really a requires long strategic planning to any firm as well as for…
Q: Discuss the importance timing in the tendering process
A:
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: Why is the Insurance coverage an important contractual responsibility of the contractor?
A: Insurance is very important in case of contract.
Q: Describe the general conditions of the construction contract?
A: General requirements cover any part of the project, meaning that it may be complicated to break down…
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: 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 the Pre and post qualification of contractors in tender?
A: prequalification of tender: it is the stage in the tendering process where a number of organisation…
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 is a design-build contract and its functions?
A: The design-build contract is a type of contract in which the contractor has the sole responsibility…
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: 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: 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: What is the fixed-price incentive contract?
A: Fixed price incentive contract is a contract in which a fixed percentage on the total target cost or…
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: Differ between Assignment and sub contracting?
A: Subcontracting and assignment are two terms which are widely used in an construction project. These…
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: 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: 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: Why are monthly reports of Contract Performance important?
A: The report that provides cost of contract and its total schedule and its performance data to…
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: What are the Bids and how can they be viewed?
A: Bidding in construction project refers to the process in which the contractor is selected for…
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: What are bid documents?
A: A bid document is defined as an output of the planned procurement management process. It is used…
Q: What is meant by; Defects liability period, liquidates damages, cost planning, bid bond,…
A: 1. Defect liability period: It is a time period or time frame during which it is the responsibility…
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: 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: What are the responsibilities of all the parties in construction operation project?
A: 'Construction operation' refers to any activity that commits to the construction project delivery.…
What is tender documents single bid system?
Step by step
Solved in 2 steps
- what is the Pre and post qualification of contractors in tender?Example of How to write a single bid building tenderTrue 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.