What is the method used by the contractor to reduce the bidding price and increase his profit, explain?

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

A: An unbalanced bid:

Q: What are Bidders Prequalifications?

A: - The motive of  prequalification process is to examine a contractor and to determine its…

Q: What are the side effects of change orders on the  the contractor's cost?

A: The nature of construction projects is complex and unpredictable, where lots of factors 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: 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 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: 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: 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: ,How can a Project Manager incur the considerable risk of loss tothe parent organization?

A: A project manager is a person, who has the entire project responsibility from the successful…

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 are the advantages and disadvantages to the contractor of renting rather than buying equipment?

A: Renting equipment increases the cost activity in the project if the quantum of work performed using…

Q: Describe the procedure of how partial payments to the contractor is done?

A: Partial payment is also called as progress payments. These payments are based on the percentage of…

Q: Why is the Insurance coverage an important contractual responsibility of the contractor?

A: Insurance is very important in case of contract.

Q: What we can do if the consultant reject part form the work carried out by the contractor?

A: First of all do ensure that the consultant reject part form the work carried out by the contractor…

Q: How must the bidding phase of a project be handled?

A: The Bid Phase begins after the bid has been approved by the Office of Project Control i.e. OPC and…

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: 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 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: 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 do you mean by long lead procurement in fast track construction?

A: Fast-track construction is a technique of scheduling which can be used to minimize overall project…

Q: Why does the contractor not want to make a commitment to unit -price amounts?

A: In Unit price amount contract, it is a commitment by the contractor to fix the rates of each and…

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: s are not always equivalent to the final contract amount after the project is complet

A: A gauge is a best guess of how much something will cost. A structure project worker, for instance,…

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 is the proper method of responding to bidder inquiries during the bid phase of a project?

A: The addendum is a document added to back up the original document information, change the original…

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 is the proper method of responding to the bidder inquires during the bid phase of a project?

A: Proper method of responding to the bidder inquiries during the bid phase of a project are :…

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: 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: How is the documentation of Bids done?

A: The plans , specifications , estimates , Bill of quantities and all the required documents of the…

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 is the procedure of the punch list obligations followed by the contractor?

A: Procedure of the punch list obligation followed by the contractor is very simple and it is mention…

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…