What is the competitive bidding process?
Q: Who is the Employers Agent?
A: Employer's agent is defined as the term which is used for the description of the agent who is…
Q: What is lump sum contract?
A: The lump sum contract is the traditional method of contracting in which the contractors are required…
Q: What is the Litigation process?
A: Litigation is the process of arguing or engaging in legal action in court as a method of settling a…
Q: Is risk management important in the management of construction or IT projects?
A: Yes, Risk management is very much important in the management of construction or IT projects. both…
Q: Why do the contract change need evaluation?
A: An agreement which follows the law is known as contract. The contract in construction is mutual or…
Q: Explain the tender procedures?
A: Tendering is the process of making an offer, bid or proposal, or expressing interest in response to…
Q: What are the three important Negotiation principles?
A: Generally, meaning of negotiation is to get what you want from others. Suppose in a business firm,…
Q: What are the five principles of contract administration?
A: Six priciples of contract management:
Q: What does the negotiation involve?
A: A Negotiation could be a strategic discussion that resolves a difficulty during a method that each…
Q: How is Standard Builder's Risk Insurance important?
A: In construction projects, builder's risk insurance is a type of property insurance that covers the…
Q: Why is a trade breakdown of the cost of construction preferred by contractors?
A: Contractors prefer to use a trade breakdown for estimating construction costs because almost all…
Q: what are the legal issues of using BrIM as contract documents ?
A: BIM LEGAL ISSUES BIM: Recognising your obligations and limitations 1. This article considers two…
Q: Describe the management and Turnkey Contracts?
A: A Turnkey Contract is one under which the contractor is responsible for both the design and…
Q: What is the role of a gateway person in contract administration?
A: The role of gateway person in contract administration are:
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: What is the Contractor Participation in Value Engineering?
A: - Value Engineering is a type of engineering method in which optimum value for both initial…
Q: What are Contractual and Legal risks?
A: The success of lenders, owners, contractors or sub-contractors can depend upon how well each of them…
Q: tendering process
A: Tendering process is really a requires long strategic planning to any firm as well as for…
Q: What are the alternative methods for dispute resolution?
A: Alternative dispute resolution is a method for resolving conflicts outside of the courtroom or…
Q: Why is the Insurance coverage an important contractual responsibility of the contractor?
A: Insurance is very important in case of contract.
Q: How does the contract administration use the work flow?
A: Contract administration could be defined as a multi-stage process that goes on through the entire…
Q: What are the two types of project delivery systems for construction?
A: The two types of project delivery system for construction are: 1 Construction Manager at Risk (CMAR)…
Q: Define the term negotiation?
A: Negotiation is indeed a tactical conversation which settles a problem in a way which is satisfactory…
Q: in which construction contract is given an accurate price fo
A: Introduction- A construction agreement is a legally enforceable contract between two parties based…
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 are the guidelines for Negotiations?
A: Three key guidelines of Negotiation:
Q: The mayor has asked you to explain to the city council members how a SCADA system can save money.…
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Q: What are the benefits of Employer Liability Insurance?
A: Employer Liability Insurance It is useful for a person/owner when one of his/her workers meets with…
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: Is Partnering a totally informal process, or should it be addressed in the specifications?
A: When a mutually developed formal ideology of communication and responsibility planned to increase…
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: Discuss the primary advantages and disadvantages of bidding for: (a) public work; (b) private work.
A: Tendering Process under development is a course of presenting a proposition to attempt government…
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 Risk Allocation?
A: The risk allocation is defined as “the process of identifying the risk factors and determining how…
Q: What are the rights of all the parties in construction operations?
A: The construction of huge projects requires expertise from every field. It involves collaboration of…
Q: What is the procedure of Contract Submittals?
A: The contract submittals are the documents that serve as contractor’s proof of complying with the…
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: Who controls the construction means and methods in a construction contract?
A: - A construction contract is legal document signed by all parties involved in a construction…
Q: What is Contractors All Risk Insurance?
A: Contractors all risk insurance is defined as an insurance policy in which all the risks during…
Q: What is Employers Liability Insurance?
A: Employers' liability insurance is also known as employment practices liability insurance which used…
Q: What is the Bargaining strategy?
A: - Bargaining is the method of negotiating a price of product so that it can be mutually acceptable…
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…
What is the competitive bidding process?
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